The study titled ‘India-Africa Healthcare: Prospects and Opportunities’ suggests that India’s export of pharmaceutical products to Africa has more than doubled from US$ 1.3 billion in 2010 to US$ 3.2 billion in 2019, making it the largest pharmaceutical exporter to the continent.
The study highlights that India, on an average, attracts over 50,000 African medical tourists annually, reflecting the demand for India’s affordable and quality healthcare. In order to strengthen this partnership between India and Africa. Which is why, setting up of a US$ 100 million fund for financing the construction of five 100-bed capacity tertiary hospitals across Africa, spread across the five regions of the Continent is recommended, study suggests.
The study was released during the 16th CII-EXIM Bank Digital Conclave on India-Africa Project Partnership on July 13, 2021, in the presence of Dr. S Jaishankar, Hon’ble Minister of External Affairs, Government of India and Ms. Harsha Bangari, Deputy Managing Director, India Exim Bank along with other key diplomats and senior corporate executives.
We have also attached the study for your perusal.
Sachin Gawade