ETHIOPIA OFFERS 100% FDI FACILITIES TO INDIAN HEALTH SECTOR TO SET UP HEALTH FACILITIES, SAYS ITS AMBASSADOR

ETHIOPIA OFFERS 100% FDI FACILITIES TO INDIAN HEALTH SECTOR TO SET UP HEALTH FACILITIES, SAYS ITS AMBASSADOR

ETHIOPIA OFFERS 100% FDI FACILITIES TO INDIAN HEALTH SECTOR TO SET UP HEALTH FACILITIES, SAYS ITS AMBASSADOR

 

No.PR-17
May 1, 2015
New Delhi
 

ETHIOPIA OFFERS 100% FDI FACILITIES TO INDIAN HEALTH SECTOR TO SET UP HEALTH FACILITIES, SAYS ITS AMBASSADOR
 

Ethiopia on Friday offered 100% Foreign Direct Investment (FDI) facility to India for setting up hospitals and other healthcare facilities in her land for which the former will acquire land for Indian entrepreneurs with host of other incentives and tax facilities.
 

Addressing a Summit on “India: The Future Global Healthcare Hub” under aegis of PHD Chamber of Commerce and Industry, Ambassador of Federal Democratic Republic of Ethiopia Mrs. Gennet Zewide said, “many patients travel from Ethiopia and other African countries for super critical care facilities.  The Ethiopia, particularly would offer 100% FDI benefits for Indian professionals that intend to explore the country for setting up of host of medical services including concessional land and bunch of incentives including holidays schemes to suitably protect the Indian investments in the health sector”.
 

However, during the summit a vast majority of African diplomats that had gathered to take part in the summit from countries such as Republic of Rwanda, Zimbabwe, Egypt, Gambia demanded that facilitation centres need to be setup, especially for the African countries in Indian metropolis with super critical facilities to ensure that visiting African patients are not fleeced by hospital owners due to excessive over invoicing since the visiting patients for want of best of medical facilities fall prey to touts, middle men and brokers that recommend them nursing homes making false claims.
 

Not only the Ethiopia raised this issue but other diplomats such as High Commissioner of the Republic of Rwanda Mr. Ernest Rwamucyo; Ambassador of the Republic of Senegal Mr. El Hadj Ibou Boye; Ambassador of Zimbabwe Mr. Mawxell Ranga; Minister Commercial Bureau, Embassy of Arab Republic of Egypt Mr. Mongy Badr; Counsellor, High Commission of Gambia Mr. Alieu Bah.
 

Minister Commercial Bureau, Embassy of Arab Republic of Egypt Mr. Mongy Badr in his remarks hailed the approach of Modi government towards promotion of India’s service sector since it contributes the largest share to the nation’s GDP.
 

Among others, that also endorsed the demand for creation of suggested facilitation centre comprised Director, Fortis Organ Retrieval and Transplant and Gastroenterology and Hepatobiliary Scheinces Dr. Avnish Kumar Seth; Senior Consultant Renal Transplantation Department, Gangaram Hospital Dr. H Jauhri; Medical Director, Indian Spinal Injuries Centre Dr. H S Chabbra; Unit Director, Rockland Hospital Mr. Navneet Bali.
 

The Chairmen of International Affairs Committee for Africa and Health Committee of PHD Chamber Mr. Sanjeev Sardana and Mr. Nishant V Berlia including the Secretary General of the Chamber Mr. Saurabh Sanyal assured the participants that the Chamber would take up the issue of setting up of facilitation centre for visiting African patients to India with the Ministry of External Affairs and other organs of the government so that such patients are stopped being fleeced.
 

ENDS.

Koteshwar Prasad Dobhal
Consultant (PR)