Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

completed 100 surgeries during the FY 2016. HCCIL has also conducted internship program for students in Cayman Islands. Students therein got the opportunity to acquire experience viz. cardiothoracic, ICU, anesthesia, orthopedics, nursing, administration, laboratory, marketing etc. HCCIL conducted its first-ever Healthcare Explorers Children’s Day Camp in Aug 2015. HCCIL provided an opportunity for Children to learn about the inner workings of a hospital and meet doctors, surgeons and nurses. NHL won The Economic Times “The Best Healthcare Brands 2017” award in Sep 2017. SRCC Children’s Hospital (a premier medical institution for Children in Mumbai backed by Narayana Health) won “The Emerging Brand” award at the National Award for Marketing Excellence presented by Times Network in Sep 2017. NHL also won “The Express Healthcare Excellence Award 2017” in Health Tourism category in Sep 2017. Narayana Institute of Cardiac Sciences, Bengaluru is listed among “The Most Trusted Hospitals” in Bangalore by Reader’s Digest in Sep 2017. Mr. Devi Shetty won the “Entrepreneur of the year Award- Start-up 2003” by Ernst & Young, India and “Outstanding Social Entrepreneurship Award” by the Confederation of Indian Industry in 2005. The hospital achieved breakeven at monthly EBITDA level only in its 24 th month of operations. The hospital further forayed into other specialties such as Neurosciences, General Surgery and Sleep Lab Study. HCCIL recorded operating revenues of USD 44.6 million in FY 18 reflecting a 3-year revenue CAGR of 78.5% during the FY15 to FY18. The Manipal Group The Manipal Group operates primarily in the higher education, healthcare and infrastructure sectors. The Group was started in 1953 by Dr. Tonse Madhav Ananth Pai (Dr. T.M.A. Pai) (grandfather of Dr. Ranjan Pai), through the setting up of Kasturba Medical College (‘KMC’). KMC was the first private, self-financing medical college offering MBBS in India. Manipal Health Enterprises Private Limited (MHEPL) is part of the Manipal Education and Medical Group (MEMG). MEMG has over 28 years of operational track record in the healthcare business. Manipal Group is one of the largest education and healthcare services providers from India. The group’s education vertical includes three universities- Manipal University, Sikkim Manipal University, Manipal University-Jaipur and over 30 other institutions in India, besides colleges and university campuses in Antigua, Dubai, Malaysia and Nepal. Manipal Education currently has over 125,000 students from over 53 countries. The entire business verticals of

Investment Framework in Select CARIFORUM Countries

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