Expo, Summit in Hyderabad to support India's phenomenally growing healthcare sector

The second edition of the Indo-Global Healthcare Summit and Expo 2015 and the Indo- Global Pharma Expo and Summit 2015, will be held in Hyderabad for four days from July 23. The two events are organised by the Federation of Telangana and AP Chambers of Commerce and Industry, the OMICS International, Indus Foundation with the support of Telangana government and the Pharmaceutical Export Promotion Council of India (PHARMECIL).

Governor of Andhra Pradesh and Telangana E S L Narasimhan will inaugurate the events. Telangana Minister for Health, Medical and Family Welfare C Laxma Reddy and Minister for Information Technology and Panchayat Raj K T Rama Rao will participate, Indus Foundation President S B Anumolu told reporters.

"These two events aim at identifying and sharing successful innovative models of healthcare delivery from around the world. The events will help professionals, entrepreneurs, industry players, investors and global institutions to collaborate for taking advantage of the latest innovations and advances," Anumolu said.

According to PTI, the Indian healthcare industry is growing at a rapid pace and is expected to become a USD 280 billion industry by 2020. The Indian healthcare market was estimated at over USD 70 billion in 2013 and is expected to be around USD 145 billion by 2017, he said.

According to the Investment Commission of India, the healthcare sector has experienced phenomenal growth of 12 per cent per annum in the last four years. The Indian Pharmaceutical industry is expected to touch around USD 40 billion by 2016-17 and USD 55 billion by 2020, PHARMECIL Director General P V Appaji said.

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