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BIZCHINA / Center

Sino-Indian JV targets healthcare IT market

(Xinhua)
Updated: 2007-09-21 15:13

A Sino-Indian joint venture was set up in Kunming, capital of Southwest
China's Yunnan Province, this week to carry out research and development
of healthcare information technologies and provide telemedicine services
to worldwide hospitals.

Sunpa Sobha Software (China) Ltd, with a registered capital of US$1
million, is based in Kunming and will have branches in cities of Beijing,
Shanghai, Guangzhou and Shenzhen. To start with, the company has more
than 200 employees.

The Chinese partner, Yunnan Sunpa Image Tele Tech Co Ltd, holds 60
percent of the shares in the new company and the remaining 40 percent are
held by India's Sobha Renaissance Information Technology (SRIT), said Liu
Yong, board chairman of Yunnan Sunpa.

SRIT plans to invest US$20 million?in the Chinese market in coming few
years, said Dr. Madhu Nambiar, the company's founder and chief executive
officer.

Joseph N J, SRIT's director for marketing and sales, said the cooperation
will prove benefit to both sides as the new medical software products
developed by the joint venture will be used by Chinese hospitals, and
Yunnan Sunpa's telemedicine equipment will be introduced to India and
other overseas markets.

The two sides predict the joint venture will have an output value of
US$100 million by 2010 and will become one of the world's leading medical
software providers in five years.

The new establishment will also provide a platform for cooperation and
exchanges between Chinese and Indian IT professionals and entrepreneurs,
said Liu.

Yunnan Sunpa has developed more than 50 patented telemedicine product
series and is among the world's largest telemedicine equipment
manufacturers, service providers and suppliers of relevant digital
medical equipment.

SRIT, based in Bangalore, is a global IT consulting and
systemsintegration company. It is ranked among India's 50 fastest growing
technology companies.

(For more biz stories, please visit Industry Updates)

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