The past two years, highlighted by the coronavirus disease 2019 (COVID-19) pandemic, further stressed the value of having resilient healthcare, as well as the advantage of cooperation among organizations, sectors, and even nations. Between India and the Philippines, for instance, great opportunities abound to optimize their long-running ties by cooperating to improve each other’s healthcare and medical services.
Such opportunities were explored during the India-Philippines Business Conference on Healthcare and Medical Cooperation, held for the first time as a hybrid event last March 23. Organized by the Indian Embassy, Manila and BusinessWorld, as a special edition of BusinessWorld Insights, the conference was attended by Philippine and Indian business leaders and representatives in the healthcare and medical fields online and on-site, at Shangri-la at the Fort, Bonifacio Global City, Taguig.
In his opening remarks, Amb. Shambhu S. Kumaran, Ambassador of India to the Philippines, highlighted that the “deep-seated vulnerability” of the two countries in terms of supply chains, exposed by the pandemic, requires building partnerships grounded on trust, especially as there are untapped capabilities seen on both sides.
“As two democracies, we recognize that our people need accessible healthcare. They need affordable healthcare, and they need healthcare to be available. This is only possible if we look at the value of partnerships looking beyond the immediate value to the transaction, to society,” Mr. Kumaran said.
Philippine Ambassador to India Ramon S. Bagatsing Jr., meanwhile, encouraged Indian investors to invest in the Philippines as immense opportunities emerge and several incentives await them. “It is to be expected that in light of the current pandemic, Philippine health expenditure will continue to rise due to cost expansion and spending on health services by government and private entities, which in turn opens a window of opportunity for local and…
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