Hemraj Parmar (Group CEO, BR Life) shares his prescription for managing the ‘Corona Effect’. As one of the principal pillars of the Indian economy, Healthcare – and especially private healthcare providers – need special stimulus and support if it has to escape a ‘cash crash’. According to Mr Parmar, the govt can extend gestures such as relaxing and waiving of certain taxes and Cess, stretch repayment timelines, offering rebates on rates of utilities & essentials like power and water and allow for extension of loans. On their part, private healthcare players must re-look cost structures while re-adjusting their value chain holistically. Synergistic preparedness is the only way forward, in Mr. Parmar’s view.
By: COL. HEMRAJ PARMAR - 22-Apr 2020
