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Apex Medical Corp forays into India; to invest Rs 100 crore

Last Updated: Wednesday, May 6, 2015, 16:57

Taiwan-based Apex Medical Corporation Wednesday announced its foray into India with plans to invest around Rs 100 crore initially.

Govt aims to raise domestic medical devices industry to $50 bn

Last Updated: Wednesday, April 8, 2015, 22:01

Government is aiming to increase the size of domestic medical devices sector to USD 50 billion by taking of a slew of measures, including setting up of two parks, Fertiliser Minister Ananth Kumar said Wednesday.

Fortis sells Singapore hospital for SGD 55 mn

Last Updated: Friday, March 27, 2015, 17:49

Fortis Healthcare on Friday sold its Singapore hospital to Concord Medical Services (International) Pte Ltd for SGD 55 million (approx Rs 251 crore) in line with strategy to focus on the domestic market.

ESIC to run its existing medical colleges says Labour Minster

Last Updated: Monday, March 23, 2015, 16:09

Labour Ministry has decided that Employees' State Insurance Corporation (ESIC) will continue to run its four functional medical colleges at Rajajinagar (Bangalore), K K Nagar (Chennai), Joka (Kolkata) and Rohini (Delhi).

Apple's ResearchKit to give scientists ready access to study subjects

Last Updated: Tuesday, March 10, 2015, 00:38

Apple Inc on Monday released ResearchKit, an open-source software tool designed to give scientists a new way to gather information on patients by using their iPhones.

Budget: Govt may announce incentives for medical devices sector

Last Updated: Sunday, February 22, 2015, 12:10

In its Budget proposals, the Commerce and Industry Ministry has suggested to Finance Minister Arun Jaitley to increase import duty on medical devices product, including syringes and pacemaker.

EPFO mulls medical benefits for its pensioners

Last Updated: Sunday, February 22, 2015, 11:06

It was suggested that the surplus in Employees' Deposit Linked Insurance scheme could be used for extending medical benefits through ESIC.

Medical devices could be a $30 bn industry in 10 yrs: AdvaMed

Last Updated: Thursday, February 19, 2015, 19:25

Currently, the size of medical device industry in India is estimated to be around USD 4 billion and represents just 7-8 per cent of the total healthcare industry, he added.

Obama seeks $215 million for unique medical plan

Last Updated: Saturday, January 31, 2015, 16:30

US President Barack Obama has sought $215 million for an effort that will match patients` genetic and physiological data to treat their health conditions more precisely.

FDI medical devices policy to come into effect from Jan 21

Last Updated: Tuesday, January 6, 2015, 15:56

Cabinet last month approved liberalising FDI policy for medical devices sector.

Insurance reforms to bring in foreign investment: Industry

Last Updated: Wednesday, December 24, 2014, 20:29

The government's approval to key insurance and coal sector reforms will help attract much-needed investments, boost domestic manufacturing and usher in transparency and fair play, industry said on Wednesday.

Medical devices sector welcomes 100% FDI

Last Updated: Wednesday, December 24, 2014, 19:08

Medical device makers Wednesday welcomed government's decision to allow up to 100 FDI in the sector under automatic route, saying the move would boost technology inflow and manufacturing.