GCC investors plan medical city in India

GCC investors plan medical city in India
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First Published: Tue, Apr 22 2008. 12 15 PM IST
Updated: Tue, Apr 22 2008. 12 15 PM IST
PTI
Dubai: Abdulnabi Al Sho’ala, chairman of the Bahrain-India Society has proposed to the Federation of GCC Chambers of Commerce and Industry to establish a committee to examine the proposal and arrange a feasibility study.
The former Labour and Social Development minister, who led a delegation from Bahrain to a meeting organized by the Federation of Indian Chambers of Commerce and Industry also made a presentation on the proposed project at a Conclave in New Delhi last week, said a report in Gulf Daily News.
India should be preferred as the natural destination as it has many advantages. GCC nationals feel at home and feel familiar with the culture, food habits, environment in India, he said.
“While GCC nationals are currently not utilizing the potential of India as a medical care destination for various reasons, India, is perceived as the preferred choice for medical treatment by Western nationals,” Al Sho’ala said.
“Europe and the U.S. are the destinations of some members of the affluent segment of GCC citizens. However, the majority of GCC citizens cannot afford the expensive treatment in U.S. and Europe to such segments the only alternative is Asian destinations.”
The proposed project will not only cater to the needs of GCC market, but also to Indian market as a whole, he said, adding that Gulf Finance House has already taken a similar initiative by establishing the new Energy City in Mumbai.
A Medical and Healthcare City is even more viable and attractive to investors of both countries, he added.
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First Published: Tue, Apr 22 2008. 12 15 PM IST