Rostec ready to assist India in implementing healthcare reform

11 October 2018

Press release

Shvabe Holding, part of Russian State Corporation Rostec, is ready to assist its Indian partners in the creation, equipping and reequipping of hospitals and medical centers. The Holding is prepared to supply the country with a wide range of high-tech medical products, in fields ranging from diagnostics to VR rehabilitation.

Rostec is also prepared to provide turnkey comprehensive equipping of medical institutions, including the design and construction of proton therapy centers, modular PET-CT centers, and the implementation of mobile medicine projects.

“India is our long-time partner, and we have high hopes for expanding and deepening cooperation in medicine, among other things. Here we’re talking not only about simple deliveries of equipment, which is being used successfully in many countries, but also about large infrastructure projects like the creation of a national telemedicine system,” said Victor Kladov, Rostec director of regional policy and international cooperation.

Medical equipment produced by Shvabe is used in dozens of countries from Southeast Asia to Latin America. The Holding’s products are supplied to such high-tech nations as Germany and Switzerland, among others. Neonatal, anesthesiology and diagnostic equipment is in particular demand from foreign customers – that is more than 200 specialized devices.

Shvabe produces a wide range of medical equipment for anesthesiology and resuscitation, neonatology, ophthalmology, cardiology, gynecology, laboratory diagnostics, physiotherapy and rehabilitation.

Rostec is implementing a large-scale program to develop its Electronics Cluster in accordance with the Corporation’s Development Strategy. The latter includes annual revenue increase by an average of 17% in ruble terms by 2025, boosting the share of civil products in its revenue to 50%, as well as improving operational efficiency and entering new markets.

Rostec is a Russian State Corporation established in 2007 with the purpose of facilitating the development, manufacture and export of high-tech industrial products for both civil and military purposes. It incorporates over 700 entities that currently form 11 holdings operating in the military-industrial complex and 4 holdings active in civilian industries, as well as over 80 directly supervised organizations. Rostec’s portfolio includes such well-known brands as AVTOVAZ, KAMAZ, Kalashnikov Concern, Russian Helicopters, VSMPO-AVISMA, Uralvagonzavod, and others. Rostec companies are located in 60 regions of the Russian Federation and supply products to the markets of over 100 countries. In 2017, Rostec’s consolidated revenue reached RUR 1.589 trillion, its consolidated net profit was RUR 121 billion, and EBITDA was RUR 305 billion. According to Rostec’s Development Strategy, the mission of the Corporation is to ensure Russia’s technological advantage on highly competitive international markets. One of Rostec’s key goals is to implement a new technological way of living and to promote the digitalization of Russia’s economy.

Shvabe Holding is part of State Corporation Rostec and brings together several dozens of organizations that make up the core of the optical industry in Russia. The Holding enterprises provide the whole cycle of creation of new optoelectronic and laser technology in the interests of national defence, state and public security, and for civil industries. At their production sites, innovative optoelectronic and laser systems for the Armed Forces of the Russian Federation, as well as the systems of Earth aerospace monitoring and remote sensing, optical materials, medical equipment, scientific tools and energy saving lighting are developed and serially produced. The portfolio of intellectual property is 1886 units and the range of products exceeds 6500 units. Shvabe products are delivered to all regions of Russia and exported to 95 countries of the world. Today representative offices of the Holding are located in China, Germany, Switzerland and Belarus.

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