Medical Fair India Returns to New Delhi in 2017

April 26, 2016

MEDICAL FAIR INDIA 2016, India's No. 1 Trade Fair for Hospitals, Health Centers and Clinics, will return to the Pragati Maidan exhibition center April 6-8 in New Delhi.

Held every year alternately in New Delhi or Mumbai, the event presents the latest developments specifically geared towards the Indian medical sector, ranging from medical, diagnostics, laboratory and rehabilitation equipment to hospital/clinic furnishings and products as well as communication/information technology.

Organized by Messe Düsseldorf India Pvt. Ltd., the subsidiary of Messe Düsseldorf in Germany, MEDICAL FAIR INDIA 2017 has the support of the company’s worldwide network of representatives and MEDICA – the leading international trade fair for the medical industry held annually in Düsseldorf, Germany.

Healthcare in India is in a state of transition: increased income for the middle classes, health consciousness among the majority of the classes, price liberalizations, reduction in bureaucracy and the introduction of private healthcare financing.

India is one of the most promising growth markets for medical technology in the world. The backlog demand is huge and exceeds investments. While public money is being invested predominantly in basic medical services, private hospitals and laboratories are the driving force behind modernizing the sector. 

They are investing in high-end technology to satisfy the rising demand. Economic studies predict an increase in the overall healthcare market to US$ 280 billion by 2020. The Indian market's high dependency on imports (over 80 percent) offers excellent supply opportunities for foreign manufacturers.

The last staging of MEDICAL FAIR INDIA in March 2016 in Mumbai recorded a visitor increase of 34 percent (10,700 attendees) and attracted 512 exhibitors from 16 countries on about 64,500 square feet of exhibit space.

A total of 298 exhibitors were from countries other than India, underscoring the international importance of the event. In addition to India, the largest exhibitor nations were China, Malaysia and Taiwan. Companies from Germany, France, Great Britain, Italy, Japan, Korea, Turkey, the UAE and the U.S. also showcased their innovations.

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.