Medtech leaders welcome govt's move to launch Rs 500 crore scheme for medical devices
Rs 500 crore scheme for the medical device industry will not only boost domestic manufacturing but also reduce reliance on import, said medtech leaders on Saturday.
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In a bid to provide a big boost to the medical devices industry, the Union Minister of Health and Family Welfare Jagat Prakash Nadda, on Friday launched the «scheme for strengthening the medical device industry».
The comprehensive 5-in-1 scheme with a total outlay of 500 crores targets critical areas of the medical device industry covering manufacturing of key components and accessories, skill development, support for clinical studies, development of common infrastructure, and industry promotion.
The experts stated that the need and importance of self-reliance on medical devices was felt the most during the recent Covid-19 pandemic which raised a significant need for medical kits, syringes, ventilators, masks, and PPE kits. Although the budget is small, it will act as motivation for the industry, they said.
«You saw that during the Covid, the whole country was put under lockdown because we did not have medical devices, which were necessary to fight the war. For four months, we were collecting materials, like making ventilators, masks, and PPE kits. I think the country understood the importance of medical devices then,» Rajiv Nath, Forum Coordinator, Association of Indian Manufacturers of Medical Devices
