First Indo-Chinese Joint Venture in Healthcare ICT
SRIT in China – Yet another historic milestone..!!
SRIT the first Indian IT company to set base in Kunming
SRIT the first Indian IT company to set base in Kunming
Introduction
Sobha Renaissance Information Technology (SRIT) has entered into a joint venture (JV) with Yunnan Sunpa Image Tel Tech Co. Ltd (Sunpa) in China to form a new entity called Sunpa Sobha Software (China) Ltd. Headquartered in Kunming, Sunpa Sobha Software (China) Ltd. will have operating branches in Beijing, Shanghai, Guangzhou, and Shenzhen.
Kunming is the capital city of Yunnan province, China. Because of its year-round temperate weather, Kunming is often called the "City of Eternal Spring”. With its lakes, hills, stones, caves, springs, and well known cultural relics & ethnic customs, Kunming has become one of China's ten major tourist attractions. Yunnan is the most southwestern province in China with a total land area of 394,000 square kilometers. Yunnan is the important land linkage to Southeast Asian countries’ hinterlands. At present, 12 state-level border ports were opened along the international boundaries of Sino-Vietnamese, Laos and Myanmar.
First JV between India and China in Healthcare ICT
India and China are both vast countries just opening to development, filled with opportunities for private equity investors. China is recognized as a place where partnerships are more difficult but the market potential is great and it has triggered striking research projects in recent years.
According to the industry news, the Chinese healthcare industry has been one of the fastest growing healthcare industries in the world. SRIT’s first foray into the Chinese Market and possibly the first JV between the two countries in the realm of Healthcare ICT opens up a whole new window of possibilities. SRIT chose ‘Yunnan Sunpa Image Tel Tech Co. Ltd (Sunpa)’ as its JV partner for its much-awaited foray into the Chinese Healthcare ICT market through a 9-month long market research, examining several synergistic fits. The immediate focus of the JV is on formulating the go-to-market strategy.
While the joint venture will position SRIT's flagship Software Products, “Renaissance Care Magnum” and “Renaissance rChive” in the various Chinese hospitals to address end-to-end automation of the clinical, radiological, medical imaging and eHealth areas, SRIT will integrate with Sunpa's telemedicine peripherals & devices in order to position these care devices in India and other geographies. It is a win-win situation for both the companies. With the China strategy frozen, SRIT has now completed market entry into 14 countries. China is the sixth country in the Far-East & S.E. Asian geography.
Sunpa Sobha Software (3S) will leverage SRIT's expertise in the Clinical, Radiological, Diagnostic and Medical Imaging software space and Sunpa's expertise in the tele-vital sign monitoring, tele-dermatology, tele-pathology, tele-radiology and other tele-diagnosis peripherals and devices. While, the solution offering will be co-branded as ‘Sunpa-Sobha’ in China, for other countries, the solution offering will be co-branded as ‘Sobha-Sunpa’. 3S's mission is to implement sustainable, virtual hospital networks and several care programs through innovative means, such that it is able to serve rural patients who do not have access to specialized medical services. We would also aim to provide specialist care to support the country's increasingly critical healthcare prerogatives. In all this, we would like to manage access to specialist care in rural areas, manage specialist care to other countries, develop capacity in the quality of health service delivery, and develop e-Health doctors’ virtual network. Further, we would aim at developing policies on pricing and medico-legal issues from an e-Health perspective, and adopt established standards in e-Health.
About Sunpa
Sunpa is a world-class telemedicine ‘Products, Solutions and Services’ company based out of Kunming city, Yunnan (province) China. Globally accepted as one of the leaders in Telemedicine Industry, Sunpa develops, integrates and produces a series of patented equipments & peripherals for Telemedicine, PACS and Tele-education. Sunpa is a global expert team member organization for the United Nations’ Report of the Expert on Space Applications (January 12th 2007), for assessing ‘Specifications for Communications System Network Configurations for Different Applications of Tele-health.’
Established in the year 1999, Sunpa has competed 8 years since inception, achieved remarkable progress in the telemedicine world, and possibly operates the world’s largest and most comprehensive telemedicine network covering a population of 550 million today. Having successfully launched its telemedicine network connecting Eight (8) provinces, it targets connecting the entire Chinese geography by 2009-10. It is one among the very few companies certified by the Chinese State Development and Reforms Commission and Ministry of Science & Technology to rollout HealthCare IT Programs. They execute key projects under the Chinese Government's National Hi-tech Development Program, and are recipients of their Central Government's second best award among the top-100 state-level prize-winning hi-tech projects. It employs about 4000 specialists, and about 700 technologists.
Press Conference
The signing ceremony between Dr N K Singh and Dr Yong was followed by a press conference which was held in china. The conference was chaired by Dr. Madhu Nambiar, Dr. Yong (CEO Sunpa). The important dignitaries included The Governor Yunnan province, Indian Ambassador, Director Foreign Affairs Yunnan province China. The media included both Chinese media (onsite) as well as the Indian media (offsite).
Media Coverage
The JV was covered worldwide in the major media publications. In India, publications like The times of India, Economic Times, the Financial Express, The Hindu Business line to name a few carried the news.
Mr. Madhav Sharma, Director and Chief Representative CII in China said,” This is the first JV between India and China in the realm of Healthcare ICT (Information & Communications Technology) and SRIT is the first company to do a JV in China.”
Media Fam Tour
The journalists from India were Manisha Choudhury, Special Correspondent, Economic Times, Achinta Borah, Journalist, Press Trust of India and Anil Kumar M, Senior Correspondent, Times of India.
Manisha Choudhury is a Special Correspondent for Economic Times with focus on key sectors like IT, Pharmaceuticals and Civil Aviation. She is an accredited journalist of the Government of India (Press Information Bureau) and has been invited by the Indian External Affairs Ministry for a program on international relations conducted by Foreign Service Institute.
Achinta Borah is a journalist with Press Trust of India (PTI). PTI is a top wire agency in India, spoken in the same breath of China’s Xinhua, Britain’s Reuters and France’s AFP. Being a journalist with PTI, one of India’s largest news agencies, his scope for penning extends across large geographies and issues. He writes regularly on Indian Ministry for Social Justice, Empowerment & Tribal Affairs and Indian National Human Rights Commission with a focus on West Bengal, Orissa and Assam.
Anil Kumar is a Senior Correspondent with Times of India. The Times of India group is one of the country’s leading and most respected mainline dailies with a circulation of around 2.5 million all India and a readership of around 7.5 million. Prior to his joining, he worked as a correspondent with Vijay Times for two years and as correspondent for Rajasthan Patrika for two years.
The Visits (Lincang, Yunxian, Tengchong)
As a part of the Media Fam tour, a 3-day visit was organized for the team to Lincang, Yunxian and Tengchong.
Lincang is a prefecture-level city located in south-western Yunnan province, China. It is the mountainous home of the Wa minority and was historically seen as too 'wild' to be worth settling by neighboring powers, notably British Burma and ancient China.
Tengchong, tucked into a western corner of Yunnan province, 750 kilometers west of Kunming and located along the old southwestern silk route, is an area which includes natural sights of volcanoes, hot springs, and volcanic lakes interspersed with manmade attractions of Taoist temples and aged preserved villages.
Conclusion
Mindsets play an important role in everyday international activities. The first step in any international business is to explore the connection between culture & mindsets and hence it becomes is very crucial to analyze the psychological dimension of international relations. Working in an international environment is a special endeavor because one has to deal with entirely new patterns of mindsets.
Hence with this JV the objective of 3S would be to improve the quality of health services across several countries. Also, SRIT's telecommunications expertise will ensure that a future-ready healthcare & e-Health network is developed to operate over a broad spectrum, including wireless communication and the Internet in order to facilitate medical education & training of care providers, health awareness and care of patients.
Sobha Renaissance Information Technology (SRIT) has entered into a joint venture (JV) with Yunnan Sunpa Image Tel Tech Co. Ltd (Sunpa) in China to form a new entity called Sunpa Sobha Software (China) Ltd. Headquartered in Kunming, Sunpa Sobha Software (China) Ltd. will have operating branches in Beijing, Shanghai, Guangzhou, and Shenzhen.
Kunming is the capital city of Yunnan province, China. Because of its year-round temperate weather, Kunming is often called the "City of Eternal Spring”. With its lakes, hills, stones, caves, springs, and well known cultural relics & ethnic customs, Kunming has become one of China's ten major tourist attractions. Yunnan is the most southwestern province in China with a total land area of 394,000 square kilometers. Yunnan is the important land linkage to Southeast Asian countries’ hinterlands. At present, 12 state-level border ports were opened along the international boundaries of Sino-Vietnamese, Laos and Myanmar.
First JV between India and China in Healthcare ICT
India and China are both vast countries just opening to development, filled with opportunities for private equity investors. China is recognized as a place where partnerships are more difficult but the market potential is great and it has triggered striking research projects in recent years.
According to the industry news, the Chinese healthcare industry has been one of the fastest growing healthcare industries in the world. SRIT’s first foray into the Chinese Market and possibly the first JV between the two countries in the realm of Healthcare ICT opens up a whole new window of possibilities. SRIT chose ‘Yunnan Sunpa Image Tel Tech Co. Ltd (Sunpa)’ as its JV partner for its much-awaited foray into the Chinese Healthcare ICT market through a 9-month long market research, examining several synergistic fits. The immediate focus of the JV is on formulating the go-to-market strategy.
While the joint venture will position SRIT's flagship Software Products, “Renaissance Care Magnum” and “Renaissance rChive” in the various Chinese hospitals to address end-to-end automation of the clinical, radiological, medical imaging and eHealth areas, SRIT will integrate with Sunpa's telemedicine peripherals & devices in order to position these care devices in India and other geographies. It is a win-win situation for both the companies. With the China strategy frozen, SRIT has now completed market entry into 14 countries. China is the sixth country in the Far-East & S.E. Asian geography.
Sunpa Sobha Software (3S) will leverage SRIT's expertise in the Clinical, Radiological, Diagnostic and Medical Imaging software space and Sunpa's expertise in the tele-vital sign monitoring, tele-dermatology, tele-pathology, tele-radiology and other tele-diagnosis peripherals and devices. While, the solution offering will be co-branded as ‘Sunpa-Sobha’ in China, for other countries, the solution offering will be co-branded as ‘Sobha-Sunpa’. 3S's mission is to implement sustainable, virtual hospital networks and several care programs through innovative means, such that it is able to serve rural patients who do not have access to specialized medical services. We would also aim to provide specialist care to support the country's increasingly critical healthcare prerogatives. In all this, we would like to manage access to specialist care in rural areas, manage specialist care to other countries, develop capacity in the quality of health service delivery, and develop e-Health doctors’ virtual network. Further, we would aim at developing policies on pricing and medico-legal issues from an e-Health perspective, and adopt established standards in e-Health.
About Sunpa
Sunpa is a world-class telemedicine ‘Products, Solutions and Services’ company based out of Kunming city, Yunnan (province) China. Globally accepted as one of the leaders in Telemedicine Industry, Sunpa develops, integrates and produces a series of patented equipments & peripherals for Telemedicine, PACS and Tele-education. Sunpa is a global expert team member organization for the United Nations’ Report of the Expert on Space Applications (January 12th 2007), for assessing ‘Specifications for Communications System Network Configurations for Different Applications of Tele-health.’
Established in the year 1999, Sunpa has competed 8 years since inception, achieved remarkable progress in the telemedicine world, and possibly operates the world’s largest and most comprehensive telemedicine network covering a population of 550 million today. Having successfully launched its telemedicine network connecting Eight (8) provinces, it targets connecting the entire Chinese geography by 2009-10. It is one among the very few companies certified by the Chinese State Development and Reforms Commission and Ministry of Science & Technology to rollout HealthCare IT Programs. They execute key projects under the Chinese Government's National Hi-tech Development Program, and are recipients of their Central Government's second best award among the top-100 state-level prize-winning hi-tech projects. It employs about 4000 specialists, and about 700 technologists.
Press Conference
The signing ceremony between Dr N K Singh and Dr Yong was followed by a press conference which was held in china. The conference was chaired by Dr. Madhu Nambiar, Dr. Yong (CEO Sunpa). The important dignitaries included The Governor Yunnan province, Indian Ambassador, Director Foreign Affairs Yunnan province China. The media included both Chinese media (onsite) as well as the Indian media (offsite).
Media Coverage
The JV was covered worldwide in the major media publications. In India, publications like The times of India, Economic Times, the Financial Express, The Hindu Business line to name a few carried the news.
Mr. Madhav Sharma, Director and Chief Representative CII in China said,” This is the first JV between India and China in the realm of Healthcare ICT (Information & Communications Technology) and SRIT is the first company to do a JV in China.”
Media Fam Tour
The journalists from India were Manisha Choudhury, Special Correspondent, Economic Times, Achinta Borah, Journalist, Press Trust of India and Anil Kumar M, Senior Correspondent, Times of India.
Manisha Choudhury is a Special Correspondent for Economic Times with focus on key sectors like IT, Pharmaceuticals and Civil Aviation. She is an accredited journalist of the Government of India (Press Information Bureau) and has been invited by the Indian External Affairs Ministry for a program on international relations conducted by Foreign Service Institute.
Achinta Borah is a journalist with Press Trust of India (PTI). PTI is a top wire agency in India, spoken in the same breath of China’s Xinhua, Britain’s Reuters and France’s AFP. Being a journalist with PTI, one of India’s largest news agencies, his scope for penning extends across large geographies and issues. He writes regularly on Indian Ministry for Social Justice, Empowerment & Tribal Affairs and Indian National Human Rights Commission with a focus on West Bengal, Orissa and Assam.
Anil Kumar is a Senior Correspondent with Times of India. The Times of India group is one of the country’s leading and most respected mainline dailies with a circulation of around 2.5 million all India and a readership of around 7.5 million. Prior to his joining, he worked as a correspondent with Vijay Times for two years and as correspondent for Rajasthan Patrika for two years.
The Visits (Lincang, Yunxian, Tengchong)
As a part of the Media Fam tour, a 3-day visit was organized for the team to Lincang, Yunxian and Tengchong.
Lincang is a prefecture-level city located in south-western Yunnan province, China. It is the mountainous home of the Wa minority and was historically seen as too 'wild' to be worth settling by neighboring powers, notably British Burma and ancient China.
Tengchong, tucked into a western corner of Yunnan province, 750 kilometers west of Kunming and located along the old southwestern silk route, is an area which includes natural sights of volcanoes, hot springs, and volcanic lakes interspersed with manmade attractions of Taoist temples and aged preserved villages.
Conclusion
Mindsets play an important role in everyday international activities. The first step in any international business is to explore the connection between culture & mindsets and hence it becomes is very crucial to analyze the psychological dimension of international relations. Working in an international environment is a special endeavor because one has to deal with entirely new patterns of mindsets.
Hence with this JV the objective of 3S would be to improve the quality of health services across several countries. Also, SRIT's telecommunications expertise will ensure that a future-ready healthcare & e-Health network is developed to operate over a broad spectrum, including wireless communication and the Internet in order to facilitate medical education & training of care providers, health awareness and care of patients.
