Press release Seminar on "Health Sector Opportunities in India held at Embassy" on 18 January

Seminar on "Health Sector Opportunities in India held at Embassy" on 18 January

Embassy of India




Seminar on “Health Sector Opportunities in India” at the Embassy of India Tokyo on 18 January, 2019 

    India and Japan concluded an MOC on Healthcare and Wellness during the visit of PM Narendra Modi to Japan on 29 Oct 2018. As per the MOC, both sides envisaged to cooperate in various areas including Promoting institutional collaboration, Innovation in Health Technology, Collaboration on getting high end medical devices under Make in India, creating business collaboration and platform (Public-Private Forum) and other areas. 

2. In this context, the Embassy of India organized a seminar on Healthcare opportunities in India on 18th January 2019 from 1500 hrs to 1700 hrs. The objective of the seminar was to discuss the latest developments in the Health sector of India, opportunities for Japanese companies by giving an overview of the Health Sector and experience sharing by some Indian and Japanese companies in this sector including on vibrant start-up eco-system in Health Sector in which some Japanese investors have already taken keen interest. The seminar was supported by JETRO (Japan External Trade Organization) and key government stakeholders including from the Cabinet Secretariat, MoHLW (Ministry of Health, Labor and Welfare) and METI (Ministry of Economy, Trade and Industry) who participated in the seminar. 

3. During the Opening Remarks Ambassador of India H.E. Sanjay Kumar Verma said, “India-Japan cooperation is extending in new realms and areas and health sector is one of that. Indian health care market is the 4th largest market for medical devices and is expected to reach USD 50 billion by 2025. The overall Indian healthcare market is worth around US$ 110 billion and is expected to reach USD 280 billion by 2020.” He invited Japanese private sector to invest in Indian health sector which is growing very fast with opportunities available through implementation of “Ayushman Bharat” (National Health Protection Scheme and GoI’s flagship programme) also. 

4. During the seminar Mr. Masahiro Sasaki, Director, Office of Healthcare Policy, Cabinet Secretariat of Japan, Mr. Sapan Parekh, Head , Supply Chain from Sun Pharma Japan, Mr. Vishal Gondal, CEO and Founder, GOQii, Mr. Noriaki Sakamoto, Partner, UTEC (Tokyo based Venture Capital fund), representative of JFMDA (Association of medical devices companies), Mr. Nimish Parekh, Executive Director, Parekh Integrated Services, representative of Konoike, Mr. Toshimasa Yashima, Executive Director, Seikeikai Medical Corporation and Mr. Raj from NAVIS (Japanese language training organization) made remarks on their respective fields. 

5. Deputy Chief of Mission, Shri Raj Kumar Srivastava, in his concluding remarks invited Japanese companies to visit India for the 2nd Edition of “Health Tech India 2019”, scheduled to be held from 3 – 5 February 2019 at Pragati Maidan, New Delhi and “India Medical Device 2019”, India's leading medical device Expo to be organized on 18th - 19th February, 2019 in Hotel Lalit Ashok, Bengaluru to explore business opportunities. The seminar drew a great response and over a 100 participants from more than 55 private companies apart from governmental organizations attended the event.