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Business Standard
17-07-2025
- Business
- Business Standard
India needs tax breaks, startup push to lead global wellness tourism
India needs to offer tax incentives for hospitals treating international patients and promote startups in the health sector to make the country a global medical and wellness tourism hub by 2035, a joint report by KPMG and the Federation of Hotels and Restaurants Associations of India (FHRAI) has stated. 'To attract investment and improve service delivery, India should offer a mix of fiscal and non-fiscal incentives, such as tax exemptions, increased subsidies under the Market Development Assistance (MDA) scheme, and technical support for marketing and promotion including on digital platforms,' the report issued on Thursday said. It added that the introduction of targeted subsidies and grants for health startups and organisations working in health-tech, medical research and digital health solutions can directly support medical tourism. This comes after Finance Minister Nirmala Sitharaman, in her Budget speech earlier this year, outlined plans to promote medical tourism and the Heal in India initiative. This was to be achieved through collaboration with the private sector, capacity expansion and implementation of more accessible visa regulations. To support this vision, the report recommended the introduction of global branding campaigns by leveraging embassies, expos and digital platforms, along with the launch of Heal in India missions at the national and state levels. India's medical tourism market is projected to be worth approximately $18.2 billion in 2025, with estimates indicating a rise to $58.2 billion by 2035 at a compound annual growth rate (CAGR) of 12.3 per cent. At the same time, the number of medical visas issued by India rose to 463,725 in 2024–25 from 375,000 in 2019–20. To cater to this increased demand, the report recommended the initiation of structured missions at both national and state levels to reinforce India's leadership in global medical and wellness tourism. 'Initiatives such as Ayush and e-medical visas have enhanced patient mobility; however, the absence of insurance portability continues to pose barriers,' the report stated.
Time of India
17-07-2025
- Health
- Time of India
Medical Tourism India: India Aims to Lead Global Medical Tourism by 2035, ETTravelWorld
Advt By , ETTravelWorld Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETTravelWorld industry right on your smartphone! Download the ETTravelWorld App and get the Realtime updates and Save your favourite articles. India has announced an ambitious plan to become the world's leading destination for medical and wellness tourism by 2035. The announcement was made at the Heal in India 2025 Summit with the launch of the flagship report by the Federation of Hotel & Restaurant Associations of India (FHRAI) and KPMG India , titled 'Heal in India: Catalysing Medical and Wellness Tourism for a Healthier Global Future'.The summit was inaugurated by Suman Billa, IAS, Additional Secretary, Ministry of Tourism, who emphasised the critical role of building trust, enhancing care delivery, and sustaining service quality in achieving this vision. Billa stressed the need to expand beyond traditional metro cities and encourage participation from stakeholders in Tier 2 and Tier 3 cities to make healthcare more accessible for international already attracts more than two million medical tourists annually from over 75 countries. In 2024, over 463,000 medical visas were issued, reflecting the sector's growing global importance. With its high-quality treatment at competitive prices and strong traditional medicine systems, India is poised to expand its market from USD 18.2 billion in 2025 to USD 58.2 billion by Manoj Nesari, Adviser (Ayurveda), Ministry of Ayush, pointed to India's strengths in holistic healing through Ayurveda and Yoga , which could be key differentiators for global wellness seekers . FHRAI President K. Syama Raju described Heal in India as a 'national branding opportunity,' reinforcing the image of India as a destination not just for treatment, but for complete recovery and India's Someswara Koundinya, a co-author of the report, called the document a strategic call to action. He underlined the need for digital transformation, global outreach, multilingual capacity-building, and incentivising private investment to position India as a healthcare Heal in India mission envisions stronger collaboration across tourism, health, and policy sectors. With growing international demand and robust domestic capability, India is positioning itself not just as a centre of medical excellence, but as a global leader in healing and hospitality.
Time of India
17-07-2025
- Health
- Time of India
India needs to offer tax incentives, push health startups to make country global medical hub: Report
India needs to offer tax incentives for hospitals treating international patients and promote startups in the health sector to make the country a global medical hub by 2035, said a report. The 'Heal in India: Catalysing Medical and Wellness Tourism for a Healthier Global Future' report, released on Thursday, said that India's medical tourism market is expected to increase from USD 18.2 billion in 2025 to USD 58.2 billion by 2035, growing at an annual compounded rate of 12.3 per cent. Explore courses from Top Institutes in Select a Course Category Data Science Healthcare CXO Data Science MCA others Design Thinking Data Analytics Operations Management Cybersecurity Others Degree Technology Product Management Leadership Project Management healthcare Management MBA Public Policy PGDM Finance Digital Marketing Artificial Intelligence Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details The report launched by Federation of Hotel and Restaurant Associations of India (FHRAI), in collaboration with KPMG in India, also recommended the introduction of global branding campaigns by leveraging embassies, expos, and digital platforms and the launch of 'Heal in India' missions at the national and state levels. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Struggling With Belly Fat? Try This at Home Home Fitness Hack Shop Now Undo "To attract investment and improve service delivery, India should offer a mix of fiscal and non-fiscal incentives. These include tax exemptions for hospitals treating international patients, increased subsidies under the Marketing Development Assistance scheme, technical support for marketing and promotion, including on digital platforms, and 100 per cent FDI in broader medical infrastructure, including wellness centres," the report stated. It further called for the introduction of targeted subsidies and grants for startups and organisations working in health-tech, medical research, and digital health solutions that directly support medical tourism. Live Events Notably, recommends enabling insurance portability by collaborating with international insurance providers to include Indian hospitals in their coverage networks, arguing that this could reduce financial barriers for foreign patients and make India a more viable destination for insured medical travellers. The report also suggests addressing gaps in visa-insurance linkage, strengthening capacity building by training health facilitators and providers on global standards and multi-lingual hospitality. "To reinforce India's leadership in global medical and wellness tourism, a structured mission should be initiated at both national and state levels, aligned with the National Strategy and Roadmap for Medical and Wellness Tourism," the report stated. It recommended elevating the existing National Medical and Wellness Tourism Promotion Board into a comprehensive national mission that facilitates strategic policy execution and inter-ministerial coordination. India ranks 10th in the Medical Tourism Index and 7th in Wellness Tourism, attracting nearly 2 million international patients from 75 countries. Medical visa issuance by India rose to 4,63,725 in 2024, with the majority of patients from Bangladesh, GCC nations, and Africa. The global medical tourism market, pegged at USD 41.75 billion in 2024, and wellness tourism (at USD 954.14 billion), are expected to double by 2030 and 2034, respectively.
India Gazette
05-06-2025
- Business
- India Gazette
MP: Investment proposal worth around Rs 1950 crore received at Ujjain's Spiritual and Wellness Summit 2025
Ujjain (Madhya Pradesh) [India], June 5 (ANI): Madhya Pradesh Chief Minister Mohan Yadav attended the Spiritual and Wellness Summit 2025 held in Ujjain on Thursday and said that investment proposals worth around Rs 1950 crore were received in the summit. He also highlighted that the state is ready to lead India's wellness mission and is becoming the country's leading spiritual and wellness destination, a major attraction for investors in this sector. 'Madhya Pradesh is ready to lead India's wellness mission. Investment proposals worth about Rs 1950 crore were received in the Spiritual & Wellness Summit-2025 held in Ujjain today. Our Madhya Pradesh is now becoming the country's leading spiritual and wellness destination and is becoming a center of attraction for investors in this sector. In the coming times, our state can become a global engine of the wellness sector with spiritual power,' CM Yadav said in a post on X. He further emphasised that Spiritual advancement is also important for the making of 'Viksit Madhya Pradesh-Viksit Bharat'. In such a situation, investment-friendly policies of the state will prove helpful in achieving the goal. On this occasion, the company of Pujya Swami Chidananda Saraswati ji was also received. The CM added that inspired by Prime Minister Narendra Modi's visionary initiatives like 'Heal in India' and 'Lifestyle for Environment (LiFE)', Madhya Pradesh is being developed as a global centre for holistic lifestyle and wellness innovation. He described the summit as a transformative initiative where policy, investment, spirituality, and social welfare converged and affirmed that Madhya Pradesh is ready to lead India's wellness mission as its global engine. CM Yadav also held 14 One-on-One meetings with investors from the wellness and hospitality sectors, discussing ground-level requirements, investment-friendly policies, and priority areas. (ANI)
Hans India
23-05-2025
- Business
- Hans India
PM Modi sees northeast states as gateway to $200 billion trade with ASEAN
New Delhi: Prime Minister Narendra Modi on Friday said that India's trade with ASEAN countries, which currently stands at approximately $125 billion, is expected to exceed $200 billion in the coming years with the northeast states playing a key role as a strategic trade bridge and gateway to the southeast Asian markets. Inaugurating the Rising North East Investors Summit here, he highlighted the importance of the India-Myanmar-Thailand Trilateral Highway, which will provide direct access from Myanmar to Thailand, strengthening India's connectivity with Thailand, Vietnam, and Laos. PM Modi underscored the government's efforts to expedite the Kaladan Multimodal Transit Project, which will link the Kolkata Port to Myanmar's Sittwe Port, providing a crucial trade route through Mizoram. He stated that this project will significantly reduce the travel distance between West Bengal and Mizoram, enhancing trade and industrial growth. Highlighting the ongoing development of Guwahati, Imphal, and Agartala as Multi-Modal Logistics Hubs, the Prime Minister noted that the establishment of Land Custom Stations in Meghalaya and Mizoram is further expanding international trade opportunities. He emphasised that these advancements are positioning the northeast as a rising force in trade with Indo-Pacific nations, unlocking new avenues for investment and economic growth. The Prime Minister further stated that the 'Heal in India' initiative is being developed as a worldwide movement. He highlighted the northeast's rich biodiversity, natural environment, and organic lifestyle, describing it as a perfect destination for wellness. PM Modi urged investors to explore the northeast as a critical component of India's Heal in India mission, reaffirming that the region's climate and ecological diversity offer immense potential for wellness-driven industries. The Prime also highlighted that the northeast is emerging as a key destination for two strategic sectors -- energy and semiconductors. The government's extensive investments in hydropower and solar power across all northeastern states, with several thousand crore rupees worth of projects already approved, he added. The Prime Minister noted that beyond investment opportunities in plants and infrastructure, there is significant potential in manufacturing, including solar modules, cells, storage solutions, and research. He underscored the importance of maximising investment in these areas, stating that greater self-sufficiency today will reduce dependence on imports in the future. PM Modi also underscored the growing role of Assam in strengthening India's semiconductor ecosystem. He announced that the first Made in India chip from a northeast-based semiconductor plant would soon be introduced, signalling a major milestone for the region. This development is unlocking opportunities for cutting-edge technology and solidifying the northeast's position in India's high-tech industrial growth, he added.
