Archive for the ‘Business News’ category

People traveling for Cosmetic surgery abroad- manifold increase to India

May 2nd, 2009

Indicure is proud to announce that there has been a manifold increase in the number of patients coming for Cosmetic surgery. In 2008, there was about 35% increase in the demand for cosmetic surgery procedures than 2007. These individuals embarked upon cosmetic surgery holidays. The main clients are coming from UK, USA and Canada. The favorite cosmetic surgeries of clients from these countries for cosmetic surgery abroad were male breast reduction, breast augmentation, tummy tucks, facelifts, weight loss surgery, lasik laser and liposuction.

The world is turning to India not only because the price of the procedures is a fraction of what they would pay in their own country, but the healthcare facilities are now better than what they would have in their own country. The hospitals are scrupulously clean, the staff at the hospital speaks English, the exchange rate is so favorable. The Indian doctors are famous for their skill and excellence all over the world.

India is therefore fast becoming the most popular destination for medical and wellness tourism. With India’s unique offering in Ayurveda people are combining Cosmetic surgery treatment with Ayurveda rejuvenation packages. Be it Ayurveda beauty packages or rejuvenation or weight loss or stress relief package, more and more people are combining these packages with their cosmetic surgery option which not only gives them a new look but also changes their way of living. They reach their country transformed and revitalized.

» Read more: People traveling for Cosmetic surgery abroad- manifold increase to India

Indian wellness services market to grow at 30-35% CAGR, says FICCI-Ernst & Young Report

April 17th, 2009

New Delhi: Notwithstanding the current economic slowdown which has impacted several sectors, the Indian wellness services market is expected to remain buoyant and has the potential to sustain a compounded annual growth rate (CAGR) of approximately 30-35% for the next five years, says a latest study by FICCI and professional services firm, Ernst & Young. The wellness services market is currently estimated at Rs 11,000 crore.

The FICCI-EY report, titled Wellness- Exploring the untapped potential, highlights that the growth is expected on the back of favorable market demographics, consumerism, globalization, changing lifestyles, increasing availability across categories and regions and rising awareness among people.

Says Farokh Balsara, Partner, Advisory Services, Ernst & Young “Given the favourable demand and supply dynamics, wellness presents strong business potential. With this report, we have sought to present a comprehensive picture of the complete wellness economy, comprising users, service providers and the facilitators, the challenges faced by each one and the way forward for each of these stakeholders, to successfully ride this wave.”

The Report has classified the wellness industry into seven core segments within different products & services, such as Allopathy, Alternative therapies, Beauty, Counseling, Fitness/slimming, Nutrition and Rejuvenation. Of these, rejuvenation services such as spas, alternative therapies, ayurveda treatments and beauty services are expected to show growth rates as high as 30%. At the same time, fitness comprising gyms and slimming centers are expected to grow by more than 25%. Nutrition products, including dietary supplements, health food and drinks have shown a growth rate of 8-10%, whereas allopathy as a segment was not classified due to its traditional linkage to healthcare.
» Read more: Indian wellness services market to grow at 30-35% CAGR, says FICCI-Ernst & Young Report

India beckons at world’s largest travel fair

March 12th, 2009

Berlin, Germany – India’s travel industry is promoting traditional remedies for those stressed out by the global financial crisis, at the world’s largest travel fair in Berlin. Buoyed by the success of its “Incredible India” promotion campaign, Indian travel officials this year are focusing on spa treatments and rural tourism.

The sub-continent presented itself in a two-storey exhibition stand designed like an Indian palace, at the ITB travel fair.

The exhibition kicked off mid-week, with 11,098 tourism industry exhibitors from 187 different countries.

Leena Nandan, of the Indian Tourism Ministry explained what made the country a popular destination for spas and health therapies.

“On the one hand, we have advanced medical facilities in the country, on the other we are blessed with traditional spa methods and processes which have existed for centuries,” Nandan said.

“Methods like yoga and Ayurveda are gaining popularity,” Nandan added. “We want to tell the world that Indian tourism today offers all kinds of remedies from stress.”

In recent years Europeans have been heading to India to seek treatment for conditions such as arthritis, rheumatic and degenerate disorders, sports and spinal injuries and also digestive diseases.
» Read more: India beckons at world’s largest travel fair

AyurVAID Hospitals launches new facility in Hubli

March 4th, 2009

Bangalore, Karnataka – AyurVAID: Hospitals, a leading chain of Ayurveda hospitals promoted by Kochi-based Kerala First Health Services Pvt. Ltd, today announced the opening of its first facility in Hubli. AyurVAID: Hospitals’ Hubli facility is a 30-bed hospital with all modern amenities. The hospital offers the full range of out-patient and in-patient medical services for treatment of serious medical conditions using classical Ayurveda. The hospital (formerly known as Dr. Jakkaraddi’s Hospital) is located in the heart of Hubli, off the Hubli-Dharwad Main Road, at Vidya Nagar, near Vidya Nagar Police Station and Karnataka Medical College.

Announcing the launch of the hospital, Mr. Rajiv Vasudevan, Founder & CEO, AyurVAID: Hospitals, said, “This is the first Ayurveda hospital in such scale and format to be set up in northern Karnataka, in the private sector. The full range of Ayurveda out-patient and in-patient medical management services including comprehensive panchakarma and other classical Kerala Ayurveda treatment procedures under the supervision of senior physicians and trained nurses is now available to the residents of Hubli-Dharwad.

The General Medicine department at the hospital offers effective solutions for chronic illnesses and lifestyle disorders commonly found in people today, including metabolic disorders, neurological & orthopaedic ailments, liver disorders, skin problems, respiratory disorders, and geriatric disorders. Further, the ‘Infertility and Womens’ Specialty’ department at this hospital offers effective treatment for female & male infertility; medical management for mainstream gynaecological problems such as PCOD, menstrual disorders; and classical Ayurveda care for women during pre-conception, ante-natal, and post-natal periods”.

“The AyurVAID: Hospitals’ facility in Hubli is equipped with a full-fledged operation theatre to perform ‘Ksharasutra’ Ayurveda surgery. ‘Ksharasutra’ is a special Ayurveda surgical technique that is increasingly recognized globally as the treatment of choice for tough ano-rectal problems such as fistula and piles.” he added

AyurVAID: Hospitals has been accredited as a network hospital by several leading medical insurance third party administrators (TPAs) as well as medical insurance companies. Medical insurance policy holders can avail of cashless facility for inpatient Ayurveda medical care, subject to the underlying terms of their policy. AyurVAID Hospitals currently has its presence in Cochin, Aluva and Bangalore, and will soon be expanding into other cities of India.

VLCC launchs two more Day Spas in Delhi & NCR

February 23rd, 2009

New Delhi: VLCC, today announced the opening of two more Day Spas, in Greater Kailash – 1, New Delhi and Galleria, Gurgaon respectively.

The VLCC Day Spa is a luxury offering from the house of VLCC offering spa therapies from around the world as well as hair, skin and nail services. The spas were inaugurated by Mrs. Vandana Luthra, Founder & Mentor, VLCC.

Speaking on the occasion Mrs. Vandana Luthra said, “Apart from spas being an acknowledged solution for relief from the stresses and tensions of everyday living, spa and body therapies are increasingly being used as effective tools in preventive and curative healthcare. At VLCC, we have mastered the art of wellness for the body, mind and soul. With a unique focus on therapies from around the world, including Ayurveda, VLCC Day Spa services represent a skillful synthesis between age-old therapies and modern Spa technology.”

The VLCC Day Spas are staffed by highly skilled and trained professionals from India and overseas and house the latest international equipment. The range of wellness treatments available are de-stressing, detoxification, cleansing, deep relaxation, anti-aging, weight and inch loss, guidance in the area of nutrition and exercise. Providing high-end services drawn right from Ayurveda to a host of body therapies popular across the globe, from anti ageing facials to dermatological solutions, from hair solutions to nail art, pedicures and manicures, VLCC Day Spa offers an array of therapies that address health and beauty needs of an individual.

Protecting India’s Traditional Knowledge from Patent Piracy

February 11th, 2009

The government of India has granted the European Patent Office (EPO) access to its Traditional Knowledge Digital Library (TKDL). Loaded with ancient medical knowledge, the online database contains translations of manuscripts and textbooks in five languages, including English.

Traditional Indian medicines, comprising some 200,000 formulations, should from now on be safe from pirate-patenting in the west. Close to 2000 wrong patents of medicines prescribed under the Ayurvedic, Unani and Sidha systems are still being granted annually at the global level, causing financial loss to India. The most blatant examples are the grant of a patent on the wound healing properties of turmeric in 1995 by the US Patent and Trademark Office, and on the anti-fungal properties of neem granted by the EPO.

Development of the TKDL started in 1999 as a joint project between five Indian government organisations, including the Council of Scientific and Industrial Research (CSIR) and the National Institute of Science Communication and Information Resources (NISCAIR). In total the project costs $2 million. Now, after over eight years of work by a team of over 200 scientists TKDL has been made available to the patent examiners from the EPO and its 34 member nations.

So far, foreign companies have got away with wrong patents because India’s traditional medicinal knowledge existed only in Sanskrit, Hindi, Arabic, Urdu and Tamil – languages which international patent examiners did not understand. But TKDL has scientifically converted the information into open domain textbooks in five international languages – English, Japanese, French, German, and Spanish.

All this information has been made available in 30 million pages to EPO. So far 81,000 formulations in Ayurveda, 104,000 in Unani, and 12, 000 in Sidha yoga have been digitalised under TKDL. However, TKDL’s information will be restricted only for patent search and examination purposes. EPO will not be able to disclose the information to a third party.

EPO examiners have been able to access the TKDL since 2 February 2009. Various other countries have also granted the EPO access to traditional knowledge databases. In 2008, the Chinese Patent Office (SIPO) opened its 32 000-entry database on traditional Chinese medicine to the EPO.

“Now patent examiners at EPO will be in a position to establish prior art in case they receive patent applications based on Indian systems of medicine. They can thus refuse the grant of new patent,” said V K Gupta, IT head, CSIR, who played a key role in creating the TKDL.

“For example, if someone wants to patent the sexual healing properties of white mulberry, examiners would know that such qualities already exist in Indian traditional formulations. If TKDL existed earlier, then international disputes regarding patenting of neem, turmeric and basmati would not have occurred,” Gupta added.

“The cooperation between India and the EPO brings advantages to both parties. It helps protect India’s traditional knowledge from misappropriation and gives the EPO additional relevant information for granting properly defined patents”, said Paul Schwander, Director of Information Acquisition at the EPO.

Till this development, all India could do was oppose a wrong patent in case it had the relevant information. It takes about five to seven years to oppose a granted patent at the international level and the process costs about Rs3 crore per case. Thus, the country has lost over 15,000 patents of medicinal plants to the West.

Patents have been granted by the European Patent Office (EPO) on the use of over 285 traditional Indian medicinal plants such as papaya, Indian long pepper, kali tulsi, pudina, ginger, aloe, isabgol, aaonla, jira, soybean, tomato, almond, walnut and methi. Ayush secretary S Jalaja said, “People will now think twice before even applying for such dubious patents.”

Unjustified patent claims based on traditional knowledge, or “biopiracy”, have recently made headlines. In 2008, the Indian government won a ten-year legal battle appeal against a patent application that had been granted for an anti-fungal product derived from the native Neem tree.

With the TKDL, patent examiners can now compare patent applications to existing traditional knowledge documented in this new source. Examiners can limit the scope of a patent or reject it altogether before it is granted. This can prevent lengthy,and costly opposition procedures.

Ayurveda 2009 Exhibition in Sri Lanka

February 10th, 2009

Sri Lanka: The National Chamber of Commerce of Sri Lanka in partnership with Ministry of Indigenous Medicine and other related government organizations will hold “Ayurveda 2009” Exhibition from May 23 – 25 at the BMICH, Colombo.

The National Chamber of Commerce of Sri Lanka held “Ayurveda” Exhibition and Symposium in 2007 for the first time in Sri Lanka which was participated by many local and foreign exhibitors from India, Myanmar, Bangladesh, China, Japan, Pakistan and Germany. At the request of those participated at “Ayurveda 2007” the Chamber has decided to have this Exhibition in 2009 as well. “Ayurveda 2009” Indigenous Healthcare Exhibition is an ideal platform for everyone involved in Ayurveda and Indigenous medical sector to meet each other at one platform and exchange their views to enhance their professional knowledge and increase their businesses for mutual benefit.

Exhibitors representing Ayurveda Hospitals, Ayurveda products Manufacturers, Doctors, Ayurveda product exporters, importers, Ayurveda related machinery suppliers, Ayurveda herbal growers, Health food and beverage manufacturers and tourist hotels that have native treatment systems are expected to participate at “Ayurveda 2009”.   The Ministry of Indigenous Medicine has already taken several steps to popularize native treatment systems among the Sri Lankan population and create awareness among the public of the specialized treatment available in the country.

Kerala works on tourism promotion

February 5th, 2009

Kerala, the God’s own Country is visited by thousands of travelers each year from different regions of the world. This Indian state has various accommodation options including the beach resorts and hotels in Kerala. The beach hotels and ayurvedic resorts are equipped with modern room amenities, recreation facilities, ayurveda and yoga centre and personalized service. As Kerala backwaters and beaches form the main tourism industry of the state, most of the beach and backwater hotels are located near the backwater canals.

Kerala is endowed with various tourist treasures like backwaters, lakes, rivers, beaches, rich ayurveda and yoga culture, ritual art forms and classical dance and music, historical monuments such as temples, forts and churches. The tourism industry of Kerala is booming tremendously and to provide a comfortable stay to the tourists various beach resorts and backwater hotels are run by both
private and government sectors. Kerala Beach resorts and hotels are growing in number to cater the needs of the travelers. The uniqueness of the Kerala beach and backwater hotels is that most of the hotels have their own ayurveda centre.

Kerala beach resorts besides offering various modern room amenities provide some recreation facilities including water sports, house boat cruising, eco camp visit, music and dance concert, ayurveda massage and treatments. While one is visiting Kerala for holidaying, he can stay at a beach or backwater resort in this state. One can have quintessential experience of Kerala foods and culture at these hotels. The resorts of Kerala are well-connected to the main air, road and railways.

The beach hotels of Kerala features a wide variety of cuisine including Keralite flavors, Indian and continental delicacies. The traditional Keralite lip-smacking delicacies are sure to be soothing to the palates. The foodies can taste various mouth-watering dishes here. Besides the restaurants of the Kerala beach resorts serve Indian sea foods of various types.

Kochi, known as the hub of the hotels in Kerala houses various hotels. It has an international airport well-connected to various main tourists’ locations. Besides, Trivandrum, Alleppy, Kumarakoram, Kollam, Kottayam, Kozhikode have also various beach and backwater hotels. While visiting this Indian state, one can explore the treasures of Kerala staying at a hotel. Mainly the hotels of Kerala are known as the beach and backwater hotel due to their location near a sea beach or a backwater. The coastal area of Kerala is known as Western Ghat in Indian geography.

SpaFinder Announces 2009 Top 10 Spa Trends for India

February 4th, 2009

One Of World’s Fastest-Growing Economies Also Boasts Rapidly Growing, Evolving Spa Industry

New York, NY (PRWEB) — India has increasingly been on the world’s (and West’s) radar: from the tragic terror attacks in Mumbai, to the worldwide popularization of ‘Bollywood,’ to the release of the acclaimed, Oscar-contending film Slumdog Millionaire. The picture of modern Indian society emerging from these events and representations is of course complex: While Slumdog Millionaire has been criticized by some for its ‘stereotypical’ depiction of Indian working-class poverty, the news footage of the Mumbai attacks revealed a very modern India in the throes of rapid economic development, featuring new super-luxury resort hotels.

sflogo.jpgWith the IMF recently releasing data that India and China represent the two fastest-growing world economies, there’s no debate that the country is developing at a breakneck pace, unleashing new class mobility, and newly evolving markets. One economic sub-sector experiencing significant growth and evolution is the spa industry in India, which, according to SpaFinder Research, represents one of the most interesting global spa economies to watch in 2009–and beyond.

The Indian spa industry currently boasts over 2,300 spas, generating revenue representing approximately USD $384 million annually. Initiatives are underway to train spa personnel to meet the growing demand for these 2300+ spas, and for the hundreds–even thousands–more that are likely to establish themselves in the next five to ten years. While the spa market in India is still a modest sliver of the overall $60-billion-plus core global spa economy, India is poised to attract significantly more western tourists (particularly on the medical/wellness travel front)…as well as continue to develop its own vibrant, indigenous spa market at a heady pace.

According to SpaFinder Research, here are some emerging trends that should play out in the booming Indian spa market in 2009:

Thou Who Seekest a Spa, Will Find One.
With over 700 spas predicted to open doors in the next 2-4 years, there’s no doubt that the spa industry in India is growing fast. CMYK Health Boutique’s Fountain Spa, Cravatex’s Spa Zieta, Floriana Group’s Chandan Sparsh and Franchise India Holding’s Spa Siam are among the several companies with major expansion plans.

Yoga, Ayurveda Represent Serious Business, Now More Than Ever
In 2009, both yoga and ayurveda will continue to be classic examples of global cross-pollination across borders. Yoga, one of the most powerful and profitable wellness modalities in the word, is a lifestyle for millions of people who are increasingly enthusiastic about traveling to the spiritual and cultural source: India. Indian spas will also continue to expand their Ayurvedic menus, for both their passionate overseas clientele who want to experience authentic Ayurvedic therapies–as well as for local enthusiasts, either already familiar with the benefits, or who wish to adopt their own Indian healing traditions for the first time. Also gradually growing on the western consumer’s radar is Ayurvedic medicine, which is often introduced to consumers in other countries via the spa industry. As state tourism departments (particularly in the Kerala region) more aggressively promote and package Ayurveda, look for new legislation mandating scientific methods and quality control, trained therapists, Ayurvedic doctors and license certifications.
» Read more: SpaFinder Announces 2009 Top 10 Spa Trends for India

Aveda Receives PETA ‘Proggy’ Award for Best Cruelty-Free Spa Products

February 3rd, 2009

aveda.jpgBLAINE, Minn.: – Aveda(TM), the maker of plant-derived hair care, skin care, makeup and lifestyle products and a global leader in corporate environmental sustainability for 30 years, is the proud recipient of PETA’s (People for the Ethical Treatment of Animals) prestigious 2008 PETA Progress (Proggy) Awards for “Best Cruelty-Free Spa Products.” In its sixth year, PETA’s Proggy awards recognize animal-friendly achievements in seven categories, including: clothing and accessories, companion animals, entertainment, food, personal care products, science and other. PETA’s panel of judges selected winners based on innovation, creativity, passion and the desire to make a difference.

Aveda was first awarded a Proggy in 2004 for its “Best Cruelty-Free Personal Care Products.” This year, the Company takes the 2008 Proggy for its high-performance, cruelty-free spa products and professional treatments. PETA evaluated Aveda’s 2008 spa launches, including Green Science skin care — a line of powerful, plant-infused formulas and a high-touch professional facial treatment clinically proven to address the signs of aging. Based on the ancient science of Ayurveda, Aveda’s award-winning spa products and services combine cutting-edge technology with high performing botanically-derived ingredients. In keeping with its commitment to the safety and well-being of animals, Aveda products are “people tested,” as indicated on all packaging.

“Aveda is an industry leader in both quality botanically-derived products and social responsibility; every Aveda guest receives the highest level of service in the Company’s spas, salons and stores,” says Tracy Reiman, vice president, PETA. “By denouncing animal tests and steering clear of animal-based ingredients, Aveda has shown that when it comes to the Aveda Mission, the company truly ‘walks its talk.’”