Healthcare has become one of India’s largest sectors, both in terms of revenue and employment. From being the world’s pharmacy to aspiring to become a global innovation hub the industry is on the cusp of a remarkable transition.
It is noteworthy that innovation has been at the centre stage in every aspect. From making delivery of high-quality healthcare accessible and affordable even in remote locations, driving newer approaches in diagnostics to ensure quality with self-regulation in a sector that remains without any entry barriers to making the Indian healthcare sector long-term sustainable both environmentally and financially.
To highlight various aspects, scope, and potential of the Indian healthcare sector, Financial Express.com brings to you the third edition of the FE Healthcare Summit. The Summit brought together leaders, investors, policy-makers, and domain experts from all the crucial segments -pharmaceuticals, hospitals and diagnostics. Stay tuned for all the latest updates from FE Healthcare Summit 2024.
FE Healthcare Summit, 2024, Live Updates
FE Healthcare Summit 2024: ‘Innovation takes time’
Granules India Executive Director Priyanka Chigurupati while discussing a timeframe for innovation said that innovation takes time. She stressed on the government having schemes to incentivise research. “Reasearch should be encouraged,” she added. She also talked about government’s support and building a relationship between public and private sector and all the other players.
FE Healthcare Summit 2024: Govt’s generic push
On the topic of government’s generic push, Zydus Lifesciences MD Dr Sharvil P. Patel said that every country goes through a phase of maturing. He highlighted that India has far too may manufactures, and less regulators. “We need to have a standard regulatory framework,” he added.
Patel also stressed that India has to traverse a long journey to become a country of highly regulated pharma companies, adding the shift is a huge challenge.
FE Healthcare Summit 2024: ‘India has created great capabilities’
According to Dr Sharvil P. Patel, India has created great capabilities with respect to various aspects of the industry. “As the industry evolves, we have to look at how we become innovation-driven. We have to also cater to the unmet and neglected needs. Companies need to healthy and profitable,” he said.
FE Healthcare Summit 2024: Innovation at basic level
Zydus Lifesciences MD Dr Sharvil P. Patel highlighted having innvoation at the basic level. She added that one of the areas where they are currently looking at is sustainable development and focussing on basic APIs with a green interest.
FE Healthcare Summit 2024: Need for policy and infrastructure
While the discussing the various areas where the Indian pharma is expected to see putting in efforts, Dr Reddy’s Laboratories Chairman Satish Reddy said that policy and infrastructure will help innovation.
FE Healthcare Summit 2024: Where is Indian pharma facing competition from?
The Indian pharma sector is facing competition from Vietnam, Bangladesh, China, says Bharat Biotech International co-founder and Executive Chairman Dr. Krishna M Ella
FE Healthcare Summit 2024: First panel takes the stage
The first panel is now on stage to discuss the pharma story. Their discussion will be centered around ‘Pharma: Prescription for change; the new growth drivers’.
This panel includes the following speakers
Zydus Lifesciences MD Dr Sharvil P. Patel
Dr Reddy’s Laboratories Chairman Satish Reddy
Bharat Biotech International co-founder and Executive Chairman Dr. Krishna M Ella
Granules India Executive Director Priyanka Chigurupati
FE Healthcare Summit 2024: The Indian healthcare space
Giving the inaugural address, Roshun Povaiah, Editor, FE Digital, The Indian Express Group discussed the Indian healthcare space and its growth. He also welcomed all the renowned guests.
FE Healthcare Summit 2024: What is today's theme?
The theme for today’s summit is ‘Innovation Imperative’.
FE Healthcare Summit 2024: The Panelists
Let’s take a look at some of the esteemed guests for today.
Zydus Lifesciences MD Dr Sharvil P. Patel
Dr Reddy’s Laboratories Chairman Satish Reddy
Granules India Chief Strategy and Sustainability Officer Sanjay Kumar
Medanta Group CEO & Director Pankaj Prakash Sahani
AIIMS, New Delhi, Dean Dr Kaushal Verma
FE Healthcare Summit 2024: Industry leaders to take the stage soon
Financial Express is holding its third Healthcare Summit today. Stay tuned to listen to all the eminent healthcare and pharma leaders.