IFC has already assisted MEDD in terms of providing inputs to the health PPP policy framework. It will also assist the department with structuring and bidding the PPP transactions
The Medical Education and Drugs Department (MEDD) and International Finance Corporation (IFC) have joined forces to prioritise health care projects with emphasis on Medical Education under the public-private partnership (PPP) model in Maharashtra.
Marking the collaboration, and deliberating on the roadmap, MEDD and IFC organised an investor conference themed around strengthening medical education and tertiary healthcare in Mumbai.
Amit Vilasrao Deshmukh, Minister, Medical Education and Cultural Affairs Department said, “As part of the state’s Vision 2021-2030 Strategy, we are delighted to partner with IFC. The State Government has approved setting up of super-specialty hospitals and government medical colleges through the recently launched health PPP policy framework of Maharashtra. Building on this momentum, we look forward to collaborating with the private sector through meaningful partnerships to create a robust infrastructure that is well-positioned to offer affordable and quality health services to millions of people in the state. Working together, we can not only transform lives, but also develop Maharashtra as the top destination for medical education and health care.”
Speaking at the event, Subhash Desai, Minister, Industries, Mines and Marathi Language Department said, “The pandemic sharpened our focus on the urgent need for affordable and cutting-edge health care facilities, and quality manpower to manage them. Through the PPP approach, we can achieve both, and upgrade critical health care services across Maharashtra. In my capacity as Industries Minister, I invite industry captains to join this journey and make the vision for quality health care for all a reality. I congratulate the Medical Education and Drugs Department and IFC on this endeavor and wish the initiative huge success.”
IFC will be the transaction advisor for the PPPs to develop super-specialty hospitals and medical education facilities across the state.
Wendy Werner, India Country Head, IFC said, “Access to health care is core to development, contributing to economic growth by reducing poverty, raising incomes, and increasing productivity. In this context, well-structured PPPs can help deliver new health infrastructure and improve access to quality health care services. We are confident IFC’s support will contribute to a stronger health care ecosystem in Maharashtra, playing a catalytic role and deepening private sector engagement.”
IFC has already assisted MEDD in terms of providing inputs to the health PPP policy framework. It will also assist the department with structuring and bidding the PPP transactions. The aim is to attract private sector investment in the area of tertiary health care services and medical education in cities including Nagpur, Latur, and Aurangabad.