India’s economic fundamentals strong, hopeful of growth trajectory: Toyota

Published: Nov 30, 2020, 6:43 pm IST
SUM HOSPITAL CONDUCTS SECOND LIVER TRANSPLANTATION IN ODISHA Bhubaneswar, Nov. 30: For the second time in Odisha’s medical history, a living-donor liver transplantation was successfully undertaken at the Institute of Medical Sciences and SUM Hospital, faculty of medicine of SOA Deemed to be University, here on Sunday.             The first ever liver transplantation in the state was also conducted at IMS and SUM Hospital on March 5 last.             A team headed by Prof. P.Balachandran Menon of Hyderabad-based Asian Institute of Gastroenterology (AIG) and GI surgeon Dr. Satya Prakash Roychoudhury from IMS and SUM Hospital conducted the marathon 12-hour long surgery.             Prof. Manoj Kumar Sahu, Head of the department of Gastroenterology at IMS and SUM Hospital, said the surgical process began at 4 am in the morning and continued for 12 hours.             The beneficiary of the liver transplantation was Mr. Umesh Kumar Rout of Sambalpur, a 49-year-old teacher, who received a portion of the liver of his sister Ms. Anita Kumari (41). “Mr. Rout was suffering from end stage liver disease and the only option available was to go for liver transplantation to save his life,” Prof. Sahu said. A 40-member team, comprising doctors, nurses and paramedics from multiple specialties including Gastro Intestinal surgery, Hepatology, Anesthesia, Cardiology, Urology, Nephrology, Radiology, OT, Infection Control, Central Lab and Blood Bank had been constituted for the purpose earlier. A Memorandum of Understanding (MoU) was signed earlier between AIG and IMS and SUM Hospital for conducting the liver transplantation. Explaining the procedure, Prof. Sahu said about 60 per cent of the donor’s liver was first taken out while the diseased liver was removed from the patient simultaneously in a separate OT. The new liver was implanted with the surgeons attaching the arteries, veins and bile ducts perfectly. Rotem, a new technology was used to monitor the coagulation parameters of the recipient. Both the donor and recipient had been extubated after surgery, he said.             The surgery was supported by a 10-member team from AIG led by Prof. Menon, Director of Liver Transplantation, other members of the team being Dr. G.V.Premkumar, Dr. Shakti Swaroop, Dr. Krishna Chaitanya and Mr. Santosh Kumar Sahoo.  The core transplant team at IMS and SUM Hospital included, Dr. Sumit Mohanty, Dr. Satya Sundar Gajendra Mohapatra, Dr. Santosh Kumar Singh, Dr. Rajib Lochan Samal, Dr. Debakanta Mishra, Dr. Rajesh Kumar Bhola, Dr. Girija Nandini Kanungo and transplant coordinators Mr. Susanta Kumar Biswal and Mr. Saroj Senapati.             Prof. Menon expressed his satisfaction at the facilities available at IMS and SUM Hospital for such high-end surgeries saying the team members were very cooperative and fast learners. The hospital could emerge as a centre for transplant surgeries in the future, he said. “It was the dream of SOA’s Founder-President Prof. Manojranjan Nayak to start liver transplantation in Odisha and the first such surgery created history in the state,” Prof. Sahu said.             Prof. Sahu, who has provided leadership for such surgeries in the hospital with the support of the Medical Superintendent, Dr. Pusparaj Samantasinhar, said liver transplantation had become a reality in Odisha when the first such surgery was conducted at IMS and SUM Hospital on March 5. A patient from Balasore, Mr. Jayanta Kumar Biswal had received a portion of the liver of his 18-year-old son in a successful transplant.             He said liver diseases had become very common in Odisha and many young people were dying without transplantation. “This had become a reality now in our state with liver transplantation being done at IMS and SUM Hospital at a very affordable cost,” Prof. Sahu said adding Bhubaneswar was turning into a health hub for world class health care.

New Delhi: Even as pent-up demand wanes, auto major Toyota Kirloskar Motor (TKM) is optimistic about the future growth trajectory via low interest rate regime, promotional offers as well as India’s sound economic fundamentals.

Apart from Covid-19 related struggles, the company has faced labour issues lately. Nonetheless, it has managed to hold the fort on the back of steady rise in sales numbers and optimising its production levels.

In a conversation with IANS, Toyota Kirloskar Motor’s Senior VP (Sales and Service) Naveen Soni attributed the steady recovery over the last few months to factors such as pent-up demand, festive season, consolidation of the market at the lower end due to increasing preference for personal mobility, and attractive offers and schemes unveiled by auto OEMs in association with banks and NBFCs.

In the just concluded festive season, TKM witnessed a 10 to 13 per cent increase in orders on Dhanteras compared with the same period last year.

This year, Dhanteras was celebrated over two days across the country and hence in terms of retail sales too, the company witnessed a 12 per cent growth when compared with Dhanteras in 2019.

However, with the end of festive season and pent-up demand tapering off, the company is counting on the rising need of personal mobility, low interest rates, along with the variety of schemes, to propel sales.

“We have already witnessed a decline in demand created due to pent-up demand from 36 per cent in the earlier months to around 20 per cent in November,” he said.

“The festive demand was expected to last until around end of November. For sustenance, the consolidation of the market at the lower end due to rising personal mobility issues and the variety of schemes and offers by auto OEMs need to continue.”

Besides, he pointed out that low interest rate and access to various finance offers played a vital role in incentivising and converting enquiries into sales.

On its part, TKM had announced special offers for salaried customers, with benefits for employees of both government as well as private organisations.

In addition, Soni anticipated that the automobile industry and the economy at large will witness periodic issues caused to the pandemic from time to time until a massive vaccination drive is implemented in the country.

“We are constantly monitoring the emerging trends and assisting our dealer-partners in inventory management, maintaining liquidity, and improving cash flow so that their financial health remains good.”

“However, having said that, the fundamentals of the Indian economy are very strong and the recovery curve is rising steadily as shown in various economic indicators and trackers.”

The company sold 12,373 units in October 2020, clocking a growth of 52 per cent when compared with the wholesales in September 2020.

It had sold 11,866 units in the domestic market in October 2019 and exported 744 units of Etios as well.

At present, the company has two plants in India and offers Innova, Fortuner, Yaris, Camry Hybrid, Glanza, Vellfire, and Urban Cruiser.