The significant gap between ‘required’ and ‘actual’ healthcare infrastructure has driven significant investment into assets
The significant gap between ‘required’ and ‘actual’ healthcare infrastructure
The significant gap between ‘required’ and ‘actual’ healthcare infrastructure has driven significant investment into assets, such as hospitals and other facilities, over the years. This, coupled with the growing availability and affordability of healthcare is spurring demand for other services such as diagnostics, pharmacies, equipment, etc. Due to the lower cost of procedures, India has become an attractive destination for medical tourism, and a base for clinical trials. The challenges that Indian healthcare faces on its way up are effective utilisation of resources, reducing operational costs, increasing performance and efficiency, scaling of business, rapidly-evolving technology and globalisation of healthcare delivery quality and standards. Government investments are focussed in areas such as improvement in public healthcare facilities, availability of generic and diagnostic services, increasing participation from non-profit organisations, and skill development of healthcare practitioners.
KPMG in India showcases capabilities in terms of market insights and feasibility analysis, strategy design, technology enablement, business process re-engineering, organisational transformation, policy advocacy, impact assessment, monitoring and evaluation and programme management, among others. We can work with both private and public sector healthcare institutions to help them become more efficient, future ready and impact focussed.
Investment promotion and ease of doing business
Bringing in fresh investments is at the heart of India’s strategy for driving higher and sustainable growth. This also means that states are competing extensively for foreign and domestic investment. KPMG in India has been at the helm of providing high-end investment promotion and regulatory advice to facilitate such investments. We have a large and dedicated team that looks at Intellectual Property Rights (IPR) in a holistic manner, driven by a sector and cluster-based approach that advises on policy, enabling environment, process reform, international desk creation, investor outreach, tax, entry strategies and investor handholding, to help ensure the intent of the investment is converted into on-ground assets.
We are a leader in this space and have contemporary experience working for the States of Gujarat and Andhra Pradesh in the area of Business Process Re-engineering for investment promotion and facilitation – states that are rated as No. 1 and 2 in India by the World Bank and Department of Industrial Policy and Promotion (DIPP) for Ease of Doing Business. We also are the advisors for the State of Maharashtra – the economic powerhouse in their initiative of ease of doing business. We currently work with multiple states across India and this gives us a thorough understanding of these states, which can be especially leveraged by companies looking at them as investment locations.*
Cities across the globe are facing extreme pressure from rapidly urbanising population, inadequate facilities and ageing infrastructure, and India is no exception. How the cities address these challenges, can impact their long-term sustainability. Cities within a country, as well globally, are competing against each other to attract workers, entrepreneurs, tourists and investments. Whether they succeed, and the extent of their success, depends on the ability of these cities to facilitate productivity of the residents and workers, provide adequate infrastructure and improve livability by providing safety, utility services and social inclusion.
KPMG in India has a multi-sector team focussing on next generation cities to be developed in India. The firm is engaged with the Ministry of Urban Development, state governments, regional development authorities and urban local bodies and is supporting them in visioning, policy advisory as well as programme management support. Our suite of offerings includes visioning and policy preparation, city diagnostics, city master planning, economic and financial modelling, technological innovations, programme management and governance advisory.
Justice and security
India is on a fast track for overall growth and this pace needs to be supported by a stable justice and security infrastructure to sustain the momentum. With unprecedented threats to national security, growing crimes against women, cyber fraud, etc. the Indian government faces the challenge of promulgating a safe India. Accordingly, the government has initiated several initiatives such as Crime and Criminal Tracking and Network Systems (CCTNS) for the automation of police stations, emergency response systems and safe cities.#
KPMG in India demonstrates its genuine commitment to help build safe and just societies by delivering futuristic, focussed services in areas such as monitoring and evaluation, organisational transformation, technology enablement and information security, procurement advisory and Project Management Office ( PMOs) across the domains of policing, courts, correctional services, borders and immigration, organised crime and economic/cyber fraud.
To know more about our work related to the Justice and Security Sector, you can write to Nilachal Mishra.
# Source: National Crime Records Bureau
Finance and treasury
In order to achieve public policy objectives, it is imperative to invest in robust financial management practices. Public resources should be adequately measured, monitored and prioritised. Further, there is increasing financial pressure on all governments to enhance revenues without increasing taxation rates, resulting in a need to look for non-tax sources of revenue and a greater need to control tax fraud and evasion.
Our services in the public finance domain include advisory support for robust fiscal management, including revenue enhancement, fiscal consolidation and expenditure rationalisation. At KPMG in India, we also design and help implement tailored services that use technology to help control pilferage and misuse of public funds, increase accountability, build transparency and help ensure smooth services delivery to taxpayers. We are also helping our clients assess the impact of Goods and Services Tax (GST) implementation, their readiness for it and handhold them in their journey as they transition their processes and systems towards it.
Our mission is to support sustainable fiscal success for the government by leveraging the vast experience of our professionals in public financial management.
To know more about our work related to the Public Finance sector, you can write to Jasleen Kaur.
Tourism promotion practice
The tourism sector has emerged as one of the major growth drivers for the global economy. With an impressive growth rate and positive growth forecasts, tourism promises to play a major role in driving India’s inclusive socio-economic development on account of its forward-and-backward linkage with creating employment. The industry is witnessing policy and regulatory support through focussed improvements in digitisation, skill development, cleaning drives, rejuvenation of pilgrimage tourism and development of theme-based tourism circuits. With rising income levels and changing lifestyles, the development of diverse tourism offerings is rapidly changing the industry landscape, which faces challenges in facilitating quality infrastructure, health and safety concerns of tourists as well as skill gaps.
KPMG in India collaborates with governments and the private sector to help enable a sustainable tourism ecosystem through advisory implementation support, including policy advocacy, eGovernance, business process structuring, monitoring and evaluation, programme management, project management and transaction advisory.
To know more about our work relatied to the tourism promotion practice, you can write to Vivek Agarwal.