Time for India to take lead in medical devices sector: Mansukh Mandaviya
India has been recognised as the «pharmacy of the world» and it is now time for India to become the leader in the manufacturing of affordable, innovative and quality medical devices, Union Health Minister Mansukh Mandaviya said on Thursday. Mandaviya, during his inaugural address at 'India MedTech Expo 2023', underlined that India is the fastest-growing medical devices market among the emerging markets.
'India MedTech Expo 2023' was held in Gandhinagar, Gujarat on the sidelines of the G20 Health Ministers' meeting. Mandaviya said that 'MedTech Expo 2023 draws inspiration from Prime Minister Narendra Modi's vision of making India atmanirbhar or self-reliant.
«It will be a unique, all-encompassing platform to showcase the strength and potential of the Indian Medical Devices ecosystem,» the health minister said. «Our goal is to become self-reliant in the medical device sector and reduce our import dependency which also perfectly aligns with our vision of 'Atmanirbhar Bharat', and 'Make in India, Make for the World',» Mandaviya said.
«FDI up to 100 per cent under the automatic route is permitted for the manufacturing of medical devices,» he added. The health minister also said that for the medical devices sector in India, the government has undertaken various steps to improve the ease of doing business, facilitate technological advancements and simplify investment mechanisms.
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