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India - News |
News Updates - 11 May
2001 British pensioner has heart operation in India - BBC India's bank of ideas - BBC Investing in India becomes easier - Wall Street Journal Cipla plans world's only 3-in-1 pill - Reuters Which countries are e-ready? - IDG Wipro lone Indian presence on FT-500 list - Financial Times
A Royal Navy veteran, Mr Roche paid over £6,000 for heart surgery in India after being told he faced a year long wait for the same operation in the UK. But Ken Roche, 71, who was suffering acute angina and breathing difficulties was worried he would not survive the year long wait to get the operation on the NHS. His family said he felt that he had been badly let down by the National Health Service.His daughter Sarah, who lives in India, where he had the quadruple heart by-pass, arranged the surgery in Bombay, because she feared her father would die if he waited for an operation in the UK. She said: "It seems so unfair that when you need the system it is not there for you." Mr Roche had looked into having a private operation in the UK, but was told it would cost him more than £20,000. Coming
home Mr Roche, from Exeter, was referred from the Royal Devon and Exeter Hospital to the Royal Brompton Hospital in London, which specialises in heart and lung conditions, on January 4, this year. A Royal Brompton spokeswoman said the hospital had asked for further information and scans from Mr Roche, which were reviewed by a senior consultant. "In his opinion Mr Roche did not require immediate surgery and he was therefore offered a routine appointment for January 2002," said the spokeswoman. "Mr Roche wrote to us in March this year to say that he had decided to have his surgery done privately and we therefore cancelled his appointment. "The Royal Brompton and Harefield NHS Trust is a national referral centre and deals with many extremely sick patients who require urgent surgery. A 12-month wait for routine surgery is within the Government's target of 15 months by April 2002." "The Indian system is not perfect. If you are poor and can't afford to pay, you have to rely on charity, but I think we can learn a lot from them," Roche's daughter Sarah, who lives in Goa, told The Times of India newspaper. "In India, if you serve in the armed forces, your medical care is done within a week free of charge. My dad served his country for 26 years in the navy and wears his medal with pride. His country (UK) has let him down," Sarah added. "As a family we are very disillusioned with the National Health Service. A country which spends 26 billion pounds (on health) should surely be able to do better."
Ahmedabad - Graduation Days are the same all over the world: proud parents snapping away, students self-conscious in gowns and hoods as they examine their diplomas while walking down from the platform - the first steps in the rest of their lives. Convocation - as they call it at the Indian Institute of Management - takes place out of doors in an evening scented by the fragrance of the Neem tree, the ubiquitous and bountiful tree that lines the roads of so many Indian villages.Birds wheel overhead; as the light dies so does the full heat of the relentless sun, and faculty and newly qualified students - the cream of Indian managers - listen to the address from one of the best known non-resident Indian entrepreneurs, a computer network billionaire from the USA. The Institute is housed on an impressive campus in Ahmedabad, the capital of the state of Gujarat. The Indian Institute of Management is not merely for potential Internet billionaires, and the students in their new blue gowns are not the reason for my journey. Innovations From another village in Gujarat has come Amrutbhai Agrewat, a stocky serial inventor who has taken the traditional bullock cart and rebuilt it with a tilting device so that composting need no longer be done by hand - arduous work traditionally reserved for women. Another boon for village women is the simple device Mr Agrewat devised for the well. By adding a locking mechanism to the rope and pulley mechanism used for centuries, women can rest their load while hauling up the bucket, making the job much less strenuous than it has ever been before. A bespectacled retired schoolteacher Khimjibhai Kanadia has come up with a stream of inventions in recent years. Simplest of all is the device for filling plastic bags with soil in which to plant seedlings. Mr Kanadia took a plastic drainpipe seven or eight inches long, and cut it off at an angle at the bottom. Placed in the plastic bag, the women on piecework can fill one sack in one scoop, increasing their productivity - and their pay - fourfold. This is pure joy, a simple invention of genius. And there are hundreds, if not thousands more of them, all gathered together under the auspices of an organisation called the Society for Research and Initiatives for Sustainable Technologies and Innovation; "Sristi" for short, the Sanskrit for "creation". Ideas database To communicate the excellence of the ideas he was encountering in village India, he started something called the Honey Bee Network, based around a magazine describing these sort of innovations in eight different languages. The organisation now has 10,000 ideas on a computer database - local lore and the inventions of dozens of village boffins available to inquirers, and to companies who want to licence the ideas and pay for them. "Why should intellectual property merely benefit big corporations?" asks Professor Gupta, as he encourages businesses to pay the equivalent of hundreds of pounds to make things such as the tilting bullock cart. There is a new venture capital fund to back good ideas. The Sristi organisation also has a laboratory to test thousands of village remedies culled from plants such as the fragrant neam tree. Three phials hold herbal extracts used by villagers to treat foot-and-mouth disease. "We don't slaughter our animals, we treat them," observes the professor, referring to the mass culling of cattle in the UK. Unlike the rest of the Indian Institute of Management, the Honey Bee Network will create few billionaires. But its flood of ideas (and the money they generate) have the potential to help millions of people all over the globe who remain little touched by what we call the modern world. I go to Ahmedabad to have lunch with a tableful of some of the most ingenious people I have ever met - inventors and gadgeteers from the fields and villages of rural India where 700 million of its one billion people still live. Over rice and dhal and vegetables eaten with the hand, they talk excitedly about their inventions and ideas. Investing in India becomes easier NEW DELHI - India made it easier for foreigners to invest in several industries, including pharmaceuticals, banking, and some telecommunications fields such as Internet-service providers. India's cabinet Wednesday approved 100% foreign ownership in the drug industry, up from 74%, and raised the limit on foreign direct investment in banks to 49% from 20%. The government also permitted full foreign ownership of airports and hotels, although in both cases, foreigners were already allowed majority control. India also opened its defense business to private-sector participation for the first time, with foreigners allowed to hold as much as 26% of a company. It is the latest step in India's decadelong push to open its protected economy. The cabinet's decisions were echoed in a separate statement Wednesday by Indian Finance Secretary Ajit Kumar, who told the Asian Development Bank that India wants to raise economic growth to 7% to 9% a year from the current 6% or so by encouraging foreign investment and boosting infrastructure spending. Such a growth rate would require annual foreign direct investment of around $10 billion a year. But in the fiscal year ended March 31, India attracted only $4.8 billion in foreign direct investment. By comparison, China drew more than $40 billion in calendar year 2000. Cipla plans world's only 3-in-1 AIDS pill MUMBAI: Indian drugmaker Cipla Ltd, which sparked cuts in global AIDS drug prices in February, plans to make an AIDS cocktail pill which could cause prices to fall even further, its chairman told Reuters on Tuesday. Cipla's new product, to be called Triomune-LNS, will be the first combination pill of the three drugs - stavudine, nevirapine and lamivudine - anywhere in the world. "We are applying for Indian government permissions to launch three AIDS drugs - stavudine, nevirapine and lamivudine - in one tablet," said Yusuf Hamied. Hamied jolted the global drug industry with an offer to supply the three AIDS drugs to international charity Medecins Sans Frontieres (MSF) for $350 per patient per year, or under $1 a day, 1/30th the price in the United States. The new pill will be added to the offer, he said. Cipla's new product, to be called Triomune-LNS, will be the first combination pill of the three drugs anywhere in the world, he said. Basically that's because patents for the three drugs are controlled by different companies. Britain's GlaxoSmithKline holds the patent for lamivudine, Germany's Boehringer Ingelheim the patent on nevirapine and U.S. drug giant Bristol-Myers Squibb the patent on stavudine. Study
casts light on which countries are 'e-ready' A Washington-based international consultancy on Thursday released its second analysis of the "e-readiness" of dozens of countries, concluding that business opportunities abound even though there has been little improvement over the results of the last report. The report was prepared by McConnell International and follows on the first e-readiness assessment released by the firm last August. The report examined 53 countries -- 11 more than last year's report -- on five factors: the availability and access to networks, government and industry leadership in fostering electronic business and electronic government, the strength of laws protecting intellectual property rights, the availability of workers to support electronic business, and the electronic-business climate. It also looked at e-readiness initiatives, assessing their level of impact and innovation. The report "shines a beacon" on who is e-ready, who is taking action, and what is working, said Bruce McConnell, president of McConnell International. It also highlights business opportunities, especially for companies looking for ways to revitalize following the recent slowdown of the economy. Harris Miller, president of the Information Technology Association of America (ITAA), agreed that the report holds an interesting message for companies looking to expand globally. "The business opportunities are real. People who say that the Internet and information technology is mature are really missing the point," he said. Miller, who recently visited India, said that when only 350 million people out of a worldwide population of 6 billion use the Internet, it is obvious there is still much growth to be achieved. In India, which has more than 1 billion people, there is a successful IT sector, but it is still a small part of the overall economy. However, the IT sector is determined to make it a larger share, he said. Wipro lone Indian presence on FT-500 list According to the Financial Times survey, released last week, Microsoft has been pushed to the fifth spot, below Cisco, which is at the number two slot. General Electric with a market capitalisation of $477,406.3 million took the number one slot from Microsoft, which has a market cap of $258,435.7 million. The survey was based on the market capitalisation of companies on January 4, 2001. Market capitalisation is the number of shares the company has issued, multiplied by the market price of those shares on a particular day. From India, Wipro was the only company to figure in the top 500 global companies list. With a market capitalisation of $13,011.7 million, Wipro slipped from the 352nd rank last year to number 404 this year. Among the Asian companies also, the Indian software bellwether skidded out of the top 20 list and was placed at the 21nd position. Infosys, with a market cap of $8,359.8 million, figured in the Asian list at the 36th rank, down 10 steps. The Asian list had some cheer in store for Indian companies. The list saw Reliance Petroleum ($5,449.4 million), IFCI ($5,030.1 million), Oil and Natural Gas ($4,021.7 million) and HCL Technologies ($3,478.4 million) enter at 52nd, 60th, 75th and 90th positions, respectively. Hindustan Lever jumped from the 33rd to the 27th position, with a market cap of $9,888.2 million. Reliance posted was up 24 notches, to reach the 42nd place with a market cap of $7,280.2 million, and Indian Tobacco Company with a market cap of $5,449.4 million jumped 33 ranks to the 64th position. |
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