According to NDB documents, the project is expected to have a highly developmental impact on India’s economy through the provision of technology-enabled healthcare delivery solutions to address domestic healthcare challenges. Portea Medical is a non-hospital healthcare company that focuses on delivering high-quality medical care outside of the hospital system in India. Portea’s technology provides targeted home healthcare services at a fraction of the cost of traditional care. USAID estimates that more than 39 million Indians fall into poverty every year due to medical costs, with the World Bank estimating an even higher 60 million. In addition, the World Bank projects that India will see the largest economic impact of the pandemic in Asia. The total home healthcare market in India is expected to grow from $6 billion this year to $10 billion by 2023, but at this time, only 5% of the market is formally organized.1
No contact information was provided at the time of disclosure.
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