06-Jan-15 India’s cash-starved medical devices sector will be opened up to 100% foreign direct investment. About 70% of the country's medical devices demand is met through imports. With the new rules, the government is trying to reduce the import bill and encourage local manufacturers to tap into the USD400 bn global market. [image: The Economic Times / BCCL]

19-Dec-14 Two members of the World Bank Group have announced their support for the development of a EUR433 million integrated health campus in Adana, southern Turkey. The Adana campus is part of a nation-wide public-private partnership (PPP) program being implemented by the Turkish Ministry of Health. [image: Manufacturing Chemist]

15-Dec-14 IFC, part of the World Bank, will invest USD255 million to support the expansion of Rede D’Or, the largest network of private hospitals in Brazil. Despite spending almost 10% of GDP on healthcare, Brazil still faces a shortage of capacity and qualified professionals. The private sector provides for about one in four Brazilians currently. [image: Hospitalar]

12-Dec-14 Shenyang-headquartered Chinese IT solutions and service provider Neusoft Corp says it intends to sign an agreement with an investor consortium including Chinese private equity firm Hony Capital and Goldman Sachs, to help the company transform its healthcare businesses. [image: China Money Network]

11-Dec-14 Medtronic will turn over more than USD900 million in China this year, up from only USD50 million ten years ago. Its China strategy is multi-faceted, involving imports, local R&D, patient education and M&A. Despite this success, the advantage Medtronic - along with other foreign device makers - has carved out, is increasingly under pressure from local players, whose ability to innovate and drive costs down via frugal engineering is creating a new standard of excellence. [image: China Business Review]