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Mandaviya invites Japanese medical device maker to make
use of Make in India initiative
Recently,
India approved its first National Medical Devices Policy,
identifying six strategies to strengthen the industry
Posted On:
16th May 2023
Union health
minister Mansukh Mandaviya on Tuesday urged Japanese
medical device manufacturers to seize the opportunities
presented by his government’s “Make in India" initiative.
Mandaviya was addressing representatives from Japanese
firms in Tokyo.
Mandaviya
highlighted that India allows 100% foreign direct
investment (FDI) under the automatic route for both
greenfield and brownfield projects, aiming to attract
global investors. He emphasized the crucial role of the
medical devices sector in India’s healthcare industry.
“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," Mandaviya said. He invited Japanese
firms to “Make in India," “Innovate in India," and
“Discover in India."
Mandaviya
also projected a four-fold growth in the medical devices
sector, from its current size of $11 billion to $44
billion by 2030. He stressed that India’s industry could
emerge as a global leader in medical device manufacturing
and innovation over the next 25 years, in line with
India’s G20 Presidency aims.
“To boost
domestic manufacturing, the government launched the
Production Linked Incentive Schemes for medical devices
with financial incentives worth $400 million," Mandaviya
said. He added that the government had approved the
establishment of four Medical Devices Parks to reduce
manufacturing costs and provide easy access to standard
testing and infrastructure facilities.
Union Health Minister Mansukh
Mandaviya during a meeting with Pharmaceutical Association
of
Japan along with the CEOs of leading Pharma companies.
(Photo: PTI)
Recently,
India approved its first National Medical Devices Policy,
identifying six strategies to strengthen the industry.
Mandaviya also announced a proposed National Policy on R&D
and Innovation in the Pharma-MedTech sector to foster
strong collaborations and translational research.
https://www.livemint.com/news/india/union-health-minister-urgesjapanese-medical-device-manufacturers-to-make-in-india-and-seizeopportunities-for-growth-11684232052356.html
AiMeD Applauds Health
Minister Mansukh Mandaviya for launching 3 major Medical
Device Policy & Scheme
Minister of Health and Family
Welfare Mansukh Mandaviya today at an annual conference on
Indian pharmaceuticals and medical devices in Delhi
launched:
• National Medical Devices
Policy 2023
• Medical Devices Export Promotion Council
• Assistance to Medical Devices Clusters for common
facility
Posted On: 26th May, 2023:
Minister of Health and Family
Welfare Mansukh Mandaviya on Friday launched the National
Medical Device Policy 2023 at an annual conference on
Indian pharmaceuticals and medical devices in Delhi.
The Cabinet approved the
National Medical Device Policy 2023 on April 26, but the
policy and its official strategy document were officially
released and unveiled by Shri Mansukh Mandaviya today.
He also launched the Export
Promotion Council for Medical Devices and the Scheme for
Assistance to Medical Devices Clusters for Common
Facilities (AMD-CF) and released six reports on
pharmaceuticals and medical devices.
Mr. Rajiv Nath, Forum
Coordinator of Association of Indian Medical Device
Industry (AiMeD) applauding the Govt said “We congratulate
the Government wholeheartedly for launching the
much-needed, long awaited ‘National Medical Devices
Policy’ to make an Atmanirbhar Bharat that not only helps
its own citizens but makes affordable high quality and
safe medical devices accessible to the world & place India
among global top 5 suppliers of Medical Devices World
wide”.
“The Exports Promotion
Council for Medical Devices will help bring in coordinated
inter-ministerial policy measures for unleashing the huge
export potential and investment potential of over Rs.
80,000 Cr for manufacturing medical devices for the Global
market in India’s quest to be one of Top 5 preferred
supplier base of medical devices worldwide and we are
thankful to the Minister of Commerce and Industry in
taking this initiative to help realise our Prime
Minister’s vision” Mr. Nath further added.
Mr. Rajiv Nath, applauding
the Health Minister for launching the Assistance to
Medical Devices Clusters said “It’s a great start! This is
in line with the 4th Strategic Component of Building
Infrastructure as defined in National Medical Devices 2023
Policy. This hopefully will be availed in many states to
make an Atmanirbhar Bharat.”
“Medical Device Policy is a
progressive step in propelling the country towards
Atmanirbharta in the heavily import dependent Medical
Device Sector. This will also fuel manufacturing in India
and will help realise the goal of the Medical device
industry reaching $50 Billion in the country by 2025.”
“We are more than hopeful
that the policy & schemes will help boost local
manufacturing, help traders and importers to start
investing in putting up factories and end the 70-80%
import dependency forced upon India and the ever-rising
import bill which last year shot up by a steep 41% to over
Rs. 63000 Cr and make quality healthcare accessible and
affordable for common masses worldwide.” Mr. Nath further
added.
“To boost domestic
manufacturing, the government launched the Production
Linked Incentive Schemes for medical devices with
financial incentives worth $400 million," Mandaviya said.
He added that the government had approved the
establishment of four Medical Devices Parks to reduce
manufacturing costs and provide easy access to standard
testing and infrastructure facilities..
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