Export-Import Bank of India (Exim Bank)
launched its first Market Outreach Programme (E-MOP) in Myanmar and Cambodia
focusing on the healthcare sector. E-MOP is an initiative launched to create
value addition for the Indian enterprises and promote India's international
trade and investment in emerging markets in sunrise sectors.
Healthcare has been identified as a
priority sector by the Governments of Myanmar and Cambodia. A significant
amount (approx. USD 6 mn.) is spent by patients of Myanmar on overseas
treatment. There is also a high demand for hospitals in the country specializing
in cardiology, neurology, kidney transplants, urology, etc. With sustained
economic growth during the last decade, Cambodia has made substantial progress
in improving health outcomes in recent years. However, the country still has
maternal and child mortality rates that are among the highest in the region.
Overall, Cambodia has a ratio of 0.71 hospital beds per 1000 population, with
considerable variation across provinces. Availability of state-of-the-art
diagnostic medical equipment, such as Magnetic Resonance Imaging (MRI) or
Computed Tomography (CT) scanners, is still very limited.
Given the potential of the sector, Exim
Bank led an Indian delegation comprising multi-specialty and super-specialty hospitals,
medical equipment and device manufacturers and pathology labs, diagnostic
centres and clinics, to Myanmar and Cambodia during February 5-7, 2018.
The delegation interacted with various
stakeholders from the government, chambers, trade bodies and consultants from
the healthcare sector of the two countries, under the outreach programme.
The inaugural programme in Yangon,
Myanmar, was graced by Dr. Kyaw Zin Thant, Director General, Ministry of Health
& Sports, Government of Myanmar and Prof. Dr. Aung Tun Thet, Senior
Economist and Member of the Peace Commission of Myanmar.
Tan Vuoch Chheng, Secretary of State, Ministry of Health of the Royal
Government of Cambodia inaugurated the event in Phnom Penh, Cambodia, in
presence of Ms. Manika Jain, Indian Ambassador to Cambodia.
Business-to-business meetings between Indian companies and companies from
Myanmar and Cambodia and visits to local hospitals were organised
under the programme.
Speaking at the occasion, Dr. Kyaw Zin
Thant said, “In spite of increase in spending on the healthcare sector by the
Government of Myanmar in the recent years, the sector still faces many
challenges. This poses immense opportunities for Indian companies, not only in
investment but also health tourism from Myanmar to India.” Welcoming the Indian
delegation, Prof. Dr. Aung Tun Thet, said, “The country has recently opened up
and identified healthcare as a priority sector. The Government of Myanmar is
very interested to promote the private sector and foreign direct investment in
Prof. Tan Vuoch Chheng, Secretary of
State, Ministry of Health of Cambodia said that Cambodia is increasingly
becoming a preferred investment destination and healthcare is of immense
priority to the government.
Highlighting the trade and investment
opportunities in the healthcare sector in the region, Mr. Debasish Mallick,
Deputy Managing Director, Exim Bank, said, “Given the transition economies,
Myanmar and Cambodia present very interesting opportunities for healthcare
businesses and professionals. However, the current health status of the
population in Myanmar and Cambodia is not favourable vis-à-vis the other
countries in the region. Healthcare equipment, healthcare and pharmaceutical
supplies, healthcare services and training are some of the sectors which Indian
companies can consider for investment in Myanmar and Cambodia. Exim Bank is
partnering the Government of India under its ‘Act East’ policy by way of a
Project Development Fund for facilitating Indian private sector investments in
the CLMV region. Under this initiative, healthcare sector has been identified
as a potential sector for investments in Myanmar and Cambodia.”
Established by the Government of India,
Exim Bank of India commenced operations in 1982 under the Export-Import Bank of
India Act, 1981, to finance, facilitate and promote India’s international trade
and investment. Today, Exim Bank serves as a growth engine for industries and
SMEs through a wide range of products and services. Exim Bank has overseas
presence in nine countries including Myanmar and Singapore in the ASEAN region.