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Bengaluru, NFAPost: With the right kind of investments from public and private entities, the healthcare market can increase three-fold to Rs 9 trillion by 2022, said Karnataka State Minister for Health & Family Welfare Dr K Sudhakar.

Delivering his keynote address at the first pre-event of TechBharat 2021 hosted jointly by Laghu Udyog Bharati and IMS Foundation, Government of India and Government of Karnataka, Dr K Sudhakar said that in the last two decades healthcare has witnessed substantial technological advancements which has created have created umpteen opportunities in providing good healthcare to masses.

“Be it remote health monitoring tools, fitness wearables, medical robotics, electronic health record, 3D printing, telemedicine, medical kiosks, artificial intelligence (AI) and machine learning (ML) enabled genome sequencing, augmented reality (AR) and virtual reality (VR) for remote patient care and reliable treatment, internet of medical things (IoMT), cloud-based platforms for healthcare, etc., have helped our healthcare systems cope with present and future demands,” said Dr K Sudhakar.

Further, the Minister also said for entrepreneurs in the field of healthcare, these technological advancements have created umpteen opportunities in providing good healthcare to the world population.”

He gave a clarion call to investors to set up high-end healthcare services in Karnataka and said that his government will traverse the extra mile in supporting such enterprise on priority.

Dr Sudhakar said Karnataka is a land full of opportunities for players in the medical devices industry and it has also become one of the leading destinations for high-end diagnostic services with tremendous capital investment for advanced diagnostic facilities, thus catering to a greater proportion of population. 

“Further through social entrepreneurship, access and traction to healthcare insurance, financing of healthcare services, building healthcare repositories and adoption of innovative business models to tackle healthcare needs. Again, skilling or developing healthcare resources is the biggest challenge as well as an opportunity worldwide,” said Dr K Sudhakar.

In addition, Dr. K. Sudhakar said promoting strategic partnerships amongst pharmaceutical establishments and framing proper regulations and monitoring of compliance across pharma industries, etc. are all business opportunities waiting in the wings to be grabbed by investors.

Government of Karnataka Principal Secretary Gaurav Gupta, IAS said Karnataka has been attracting global audience with its integrated and strategic growth plans that offer immense investment potential, apart from Healthcare and education, across its varied sectors vis-à-vis IT/BT, Pharmaceuticals, Agri business and Food processing, Energy and Infrastructure along with medical tourism.

“Being in the Government we are aware that governments play a crucial role in improving ranking of ease with which business is conducted. On this front over the last few years, the Ease of Doing Parameters has been considerably reduced,” said Gaurav Gupta.

He also said the government of Karnataka has also started integrated services for the project approvals of the line departments related to Industrial Investments, which provides online filing of application, processing, status verification and also provision of downloading of final certificate/clearances. Gaurav Gupta also said the system also provides third party verification of the certificates and clearances issued.

TechBharat 2021 a Virtual Exhibition and Conference saw big ticket industry veterans in Education and Healthcare sectors deliberating on topics like Technology to Elementary Education, Higher Education- Research, Collaboration & Compliance, Digital Transformation in Education Management, Education in India after NEP 2020, Funding Education & Edupreneurs Technology to Healthcare, Healthcare – Innovation, Research & Regulatory Compliance NextGen Healthcare – Digital Transformation , Healthcare & Medical Education in India after NHP 2015  and Support to Start-ups in Healthcare Technology over 12 hours.

While Infosys Limited former Chairman Kris Gopalakrishnan said that during Covid period there has been a massive acceleration and adoption of digital technology in everybody’s life. He said the digital transformation which would have happened in five years has occurred in just five months be it e-com, WFH, consumption of digital content, financial business and so on.

Delivering his welcome address, Laghu Udyog Bharati President P S Srikanta Dutta said that Healthcare and Education are two vital streams that drive economic and GDP growth significantly pan the globe. “By organising TechBharat, we at LUB-K and IMS Foundation would like to do our small bit by contributing to the growth of Indian Economy,” said P S Srikanta Dutta.

This edition’s focus of TechBharat 2021 was on the stakeholders of Edutech and Healthtech sectors. TechBharat 2021 brought together several exhibitors and delegates from corporate and academia to essentially deliberate on inclusive, involved and invested mode of Government’s ecosystem.

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