Life Science and Healthcare

Efficiency & Innovation - Learning from Aravind Eye Care System

With Strategic Partner, PwC, the UKIBC played host to Mr Thulsi Raj Ravilla, Chief Operating Officer of the Aravind Eye Hospitals in the first week of March. Founded in 1976, the Aravind Eye Care System is today the largest and most productive eye care facility in the world, one of the Royal College of Ophthalmology examination centres in India and has received several international awards including the Global Health Award from the Bill and Melinda Gates Foundation. This award was primarily based on Aravind’s fresh approach to management. The single largest eye cataract surgery provider under one roof in the world today, Aravind is also cited as a case study at Harvard Business School. It depends on neither government funding nor donations. It runs its own eye equipment business, and treats over 60 per cent of its patients for free or heavily subsidised in five cities in Tamil Nadu.

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Sector Opportunities

Three Western companies are making inroads into India.

Smiths Medical has set up a subsidiary in Mumbai. Endorsed by UK Business Secretary, Vince Cable, Smiths say they’re building on their experience as a distributor, while expanding their direct-to-customer business.

Reckitt Benckiser have agreed to buy medication and personal care company Paras Pharmaceuticals for £446 million, paying above the odds to get into this fast-growing market.

Indian pharmaceutical company Piramal has bought Cambridge-based Oxygen healthcare. And American company Quintiles has entered the market by partnering with Apollo Hospitals Group. They’re due to set up a £5.5 million phase 1 clinical trial facility in Hyderabad.

Life Sciences and Healthcare Report