IFC plans to invest $200-300 mn in healthcare sector

Henrik Elschner Pedersen, IFC's senior manager (Consumer and Social Services- Asia), when asked about IFC's investment plans in Indian healthcare sector in the next one year, told PTI that it is envisaging to invest ...200 to 300 million dollars.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Dec 02, 2016, 09.31 AM | Source: PTI

IFC plans to invest $200-300 mn in healthcare sector

Henrik Elschner Pedersen, IFC's senior manager (Consumer and Social Services- Asia), when asked about IFC's investment plans in Indian healthcare sector in the next one year, told PTI that it is envisaging to invest "...200 to 300 million dollars."

Like this story, share it with millions of investors on M3

IFC plans to invest $200-300 mn in healthcare sector

Henrik Elschner Pedersen, IFC's senior manager (Consumer and Social Services- Asia), when asked about IFC's investment plans in Indian healthcare sector in the next one year, told PTI that it is envisaging to invest "...200 to 300 million dollars."

Post Your Comments

Share Cancel

| 1 Comments
IFC plans to invest $200-300 mn in healthcare sector
The World Bank's private lending arm International Finance Corporation (IFC) is exploring the possibility of investing USD 200-300 million in Indian healthcare, pharmaceutical and medical devices space in the next one year.

Henrik Elschner Pedersen, IFC's senior manager (Consumer and Social Services- Asia), when asked about IFC's investment plans in Indian healthcare sector in the next one year, told PTI that it is envisaging to invest "...200 to 300 million dollars."

The proposed investments are targeted at healthcare, pharmaceutical and medical devices space, Pedersen said.

Chris McCahan, IFC Chief Investment Officer, Global Health, said the corporation is in talks with different healthcare companies in India, but the details would be announced once it reaches a 'serious stage'.

"I think our portfolio is about 400 million (USD) in India in the healthcare space. We have invested in many of the large scalable groups such as Apollo, Max healthcare, Fortis healthcare and then we also have worked with number of pharmaceutical companies," McCahan said.

"So, we are looking for pharmaceutical companies that can manufacture low cost drugs mainly generics and APIs. So, we worked with likes of Glenmark and Jubilant in India," McCahan said.

The priority in investments for the IFC is to get profit on its investment and also have a development impact in the country, he said.

"Ultimately, we wear two hats. One is, looking for to get profit from our investments for the risk we have taken. Second is for developmental institutions. So, we are looking for investments that can have a developmental impact within the country we are working, in this case in India," McCahan added.

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login