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Indian Medical Devices Sector To Emerge As Global Leader In Manufacturing, Innovation In 25 Years: Union Minister Mansukh Mandaviya

The medical devices sector is an essential and integral constituent of India’s healthcare sector, Union Health Minister Mansukh Mandaviya said during his interaction with representatives of Japanese medical devices companies in Tokyo

Indian Medical Devices Sector To Emerge As Global Leader In Manufacturing, Innovation In 25 Years Union Minister Mansukh Mandaviya
India supported the domestic and global battle against COVID-19 pandemic through large scale production of medical devices and diagnostic kits, said Union Health Minister Mansukh Mandaviya

New Delhi: Backed by growing healthcare needs and the government’s commitment to facilitate growth, the Indian medical devices industry has the power to emerge as the global leader in manufacturing and innovation in the next 25 years, Union Health Minister Mansukh Mandaviya said on Tuesday (May 16). The medical devices sector is an essential and integral constituent of India’s healthcare sector, he said during his interaction with representatives of Japanese medical devices companies in Tokyo. He said,

The sector’s contribution became even more prominent as India supported the domestic and global battle against COVID-19 pandemic through large scale production of medical devices and diagnostic kits.

Also Read: Union Health Minister Mansukh Mandaviya Addresses G7 Health Ministerial Meeting On Health Innovation In Japan

Dr Mandaviya noted that the medical devices sector has the potential to grow from its current size of USD 11 billion to four times by 2030.

He further stated that,

Backed by growing health care needs and the government’s commitment to facilitate growth, the Indian medical devices industry has the power to emerge as the global leader in manufacturing and innovation in the next 25 years, and we are committed to its growth and progress to become self-reliant and contribute towards the goal of universal healthcare in line with India’s G20 presidency mantra of ‘One Earth, One Family, One Future’.

The minister also highlighted that to invite investors from across the world, India is allowing 100 per cent FDI (foreign direct investment) under the automatic route for both Greenfield and Brownfield setups. To boost domestic manufacturing, the government launched the Production Linked Incentive Schemes for medical devices with financial incentives worth 400 million dollars. To support our investor community, the government has also approved the establishment of four medical devices parks in the states. These parks will significantly reduce manufacturing cost, optimise resources, build on economies of scale, and provide easy access to standard testing and infrastructure facilities.

Also Read: Covid Highlighted Need For More Robust, Inclusive, Responsive Global Health Architecture: Union Health Minister

Mr Mandaviya noted that in order to facilitate orderly growth of the medical devices sector and to meet the public health objectives of access, affordability, quality and innovation, India recently approved its first National Medical Devices Policy. He stated,

We have identified six strategies to tap the potential of the sector and to strengthen the industry into a competitive, self-reliant, resilient and innovative industry that caters to the healthcare needs of India and the world. “In addition to the Medical Devices Policy, we are also proposing a National Policy on Research and Development and Innovation in the pharma- MedTech sector in India to enable strong collaborations and translational research.

“With rapid strides in innovation, India is now on a momentous journey to take on the global arena in the sphere of medical devices and technologies and invited Japanese medical devices companies to take advantage of these opportunities to ‘Make in India’, ‘Innovate in India’, and ‘Discover in India’,” he added.

Also Read: COVID-19 Pandemic Brought Fault Lines In Existing Global Health Architecture To Forefront: Union Health Minister Mansukh Mandaviya

(This story has not been edited by NDTV staff and is published from a syndicated feed.)

NDTV – Dettol have been working towards a clean and healthy India since 2014 via the Banega Swachh India initiative, which is helmed by Campaign Ambassador Amitabh Bachchan. The campaign aims to highlight the inter-dependency of humans and the environment, and of humans on one another with the focus on One Health, One Planet, One Future – Leaving No One Behind. It stresses on the need to take care of, and consider, everyone’s health in India – especially vulnerable communities – the LGBTQ populationindigenous people, India’s different tribes, ethnic and linguistic minorities, people with disabilities, migrants, geographically remote populations, gender and sexual minorities. In wake of the current COVID-19 pandemic, the need for WASH (WaterSanitation and Hygiene) is reaffirmed as handwashing is one of the ways to prevent Coronavirus infection and other diseases. The campaign will continue to raise awareness on the same along with focussing on the importance of nutrition and healthcare for women and children, fight malnutrition, mental wellbeing, self care, science and health, adolescent health & gender awareness. Along with the health of people, the campaign has realised the need to also take care of the health of the eco-system. Our environment is fragile due to human activity, which is not only over-exploiting available resources, but also generating immense pollution as a result of using and extracting those resources. The imbalance has also led to immense biodiversity loss that has caused one of the biggest threats to human survival – climate change. It has now been described as a “code red for humanity.” The campaign will continue to cover issues like air pollutionwaste managementplastic banmanual scavenging and sanitation workers and menstrual hygiene. Banega Swasth India will also be taking forward the dream of Swasth Bharat, the campaign feels that only a Swachh or clean India where toilets are used and open defecation free (ODF) status achieved as part of the Swachh Bharat Abhiyan launched by Prime Minister Narendra Modi in 2014, can eradicate diseases like diarrhoea and the country can become a Swasth or healthy India.

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