|
Manufacturing Medical Devices In India
Many
Opportunities
Throwing
light on the Government machinery, Mr. Baid mentioned that
the secretary of Pharmaceuticals has been appointed as a
key nodal officer to look in the issues of Medical devices
and pharma manufacturing equipments companies. And,
government has already set up a taskforce in
November’2014, to identify the issues related to promotion
of domestic production of high end medical devices and
pharma manufacturing equipments. The taskforce is divided
into three sub-groups. Each of the sub-groups is headed by
a joint secretary level of officer, under different
ministries, ministry of commerce, ministry of health and
family welfare and ministry of pharma, all three
ministries are looking into different issues. Under this
taskforce the industry forums are already invited in these
meetings, like CII, AIMED, different industry forums are
there, which are presenting different issues, presenting
proposal to the government, what are the issues which we
should resolve immediately, and what will kick-start the
industry. So, this is the first time that government has
taken such a big initiative to promote domestic
manufacturing of medical devices.
He
mentioned that, under EEPC, recently a new pharma
equipment & medical device and surgical device panel was
formed. Currently India exports approximately 1 billion
dollar of medical devices and pharma equipments. Exports
were not classified into medical devices and pharma
equipments; they were logged under export promotion
councils, like, Pharmexcil, Chemexcil, Plex Council and
EEPC. So the ministry of commerce recently decided to
nominate and put up a separate panel under EEPC for the
promotion of Medical Devices and Pharma Machinery. And,
there was a long term industry demand to have a separate
medical device export promotion council. But under EEPC,
which is now monitoring this activity, Mr. Baid hoped that
different policy issues will be taken up.
Mr.
Himanshu Baid also mentioned about the medical device
manufacturing hubs and dedicated medical device testing
labs being set up across the country. Single window
clearances will be available to medical device companies.
This will fuel the growth in investment in medical device
sector. There will also be creation of ancillary
industries, they will contribute to overall growth of this
industry, will help in cost reduction because, low to
medium skilled jobs can be passed on to smaller scale
industries in MSME sector. Like the Automobile Sector, Mr.
Baid hoped, if initiatives are taken by the government in
medical device sector also, and if large companies come
into India with big manufacturing base, it is going to
help the MSME sector, the small companies and also speed
up investments and start making good quality products.
Mr.
Himanshu Baid also mentioned that the Industry is
optimistic that the proposed bill will go through in this
current session of parliament as Drugs and Cosmetic
Amendment Bill’ 2015. As and when the drug amendment act
is enacted, the new regulatory system to be created for
medical device sector will help to overcome challenges of
regulation.
Mr.
Himanshu Baid also highlighted one more development
regarding “Buy India Policy”, a very important move for
medical device sector to encourage health institutions to
procure Indian made products. It will go a long way in
providing impedance to the growth in the domestic sector.
He mentioned that the ministry of commerce and the
ministry of health and family welfare are already working
on a framework in consultation with all stakeholders, to
promote Made in India products, and buy Indian products.
There are
so many different government initiates in place and
growing needs of the medical and healthcare sector. There
is a great opportunity for the medical devices and
technology sector to innovate across the value chain, to
serve Indian and foreign consumers, and unlock the value
of Indian market.
Finally,
India’s traditional strength is manufacturing and it can
deliver tremendous value if it can meet with regulatory
and operational challenges.
|
Mr.
Himanshu Baid started his career as a Trainee Engineer
with Philips Communications Industry AG, Nurenberg,
Germany. After coming back from Germany in 1992, he
was involved in his family business for 3 years,
manufacturing Plastic Containers. In 1995 he started
Poly Medicure Ltd. with his brothers and today the
company has 6 plants out of which two are overseas in
Egypt & China. Poly Medicure Ltd. is one of the
fastest growing Medical Devices Company in India and
through its R&D initiatives the company has filed
approximately 50 International patents worldwide. The
company manufactures over 100 different products &
exports to more than 80 countries. The group has sales
of over Rs 300.00 Crores. |
.Page
1 :
2 :
3 :
4
|
