Stem Cell banking is a very nascent concept in India and the growth of this industry would solely depend on the aid and recognisation gained from the government. With 4 million births every year in the country, the industry has a huge potential. The industry requires special attention from the government in its fiscal plans which would catalyze its growth manifolds.
Introducing stem cell banking payments under individual tax benefit schemes like Medical insurance will be a good start. This will encourage more individuals to bank their child's stem cells as a future health insurance. The government should make it mandatory for the gynecologists to educate and inform their patients about the benefits of stem cells and make them familiar with the potential of this new science.
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Warm Regards,
Shikha Das,
Hanmer MS&L Communications Pvt. Limited | Member of PUBLICIS GROUPE
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