Budget Expectation From Mr. Venkatesh, CEO of Apollo White Dental

New Delhi, Feb 26, 2015
“Indian dental care services market, dentists and dental ancillary services — was approximately a US$740 million market in 2010 and is expected to reach US$1.3 billion by 2015 at a compound annual growth rate of 12%. To provide a spur to Prime Minister Modi’s ambitious ‘Make In India’ plan, Budget 2015 needs to heavily focus on healthcare. Currently, more than 74 per cent of the healthcare infrastructure investment is by the private sector. Industry also wants tax holiday benefit to hospitals set up in urban areas. The interim budget in July 2014 had given ample thrust to the sector with key announcements like setting up of four more AIIIMs, 15 model rural health research centres, a proposal to add 12 government medical colleges, two National Institutes of Ageing at AIIMS, New Delhi, and Madras Medical College, Chennai, a national level research and a referral institute for higher dental studies and e-visas that could aid medical tourism. E Visas and VOA should extend to African countries and EU countries where there is huge waiting period by NHS. Oral Hygiene awareness should be increased , Insurance should include Dental Surgeries and Dental Treatments, While increase in the GDP allocation on healthcare will help the government achieve its vision of universal healthcare and reduce out-of-pocket spending for a common man.”

CCI Newswire