Japanese companies are looking to tap India's medical market with funding and technological solutions to make health care more accessible in the world's second-most populous country.
Japan-based venture capital firms like Spiral Ventures and India Japan Partnership Fund LLP are either funding local health tech startups or exploring new investment opportunities in the health care sector, and electronics giant Panasonic Corp. is offering solutions to improve rural health care.
India has a huge health care gap between rich and poor and mismatches between doctors and patients. The situation is made worse by low government spending on health care at 1.3 percent of gross domestic product, the lowest among the BRICS grouping of Brazil, Russia, India, China and South Africa.