Medical Fair India applauds formation of Medical Devices Export Promotion Council

Medical Fair India congratulated the stakeholders on the newly formed India’s Export Promotion Council (EPC) for medical devices under the aegis of the Union Ministry of Commerce, Government of India. Led by the Department of Pharmaceuticals, the council will play a very important role; and will be the voice of all manufacturers to encourage the ‘Make in India’ initiatives to a global landscape. This council has special panels to promote specific categories of medical devices like disposables, consumables, orthopaedic implants, IVD equipment, surgical instruments and to also promote policy advocacy, technology upgradation, transfer and start-ups.

The EPC promises to help exporters in promoting their products in international markets through various activities including organising and participating in international trade fairs, and buyer-seller meets, in line with the foreign trade policy of India. Therefore, Medical Fair India and worldwide events under the umbrella of MEDICAlliance will further enable the manufacturers to showcase their products and services to a global platform including India and to create new business opportunities.

Thomas Schlitt, Managing Director, Messe Düsseldorf says “I would like to congratulate everyone involved in the very successful formation of the Medical Devices Export Promotion Council. The Indian medical devices market is the fourth largest in Asia. It is among the top 20 markets in the world. About 80 percent of the market is dominated by imported medical devices, significantly affecting the profits of many small-scale manufacturers of medical devices in the country. We are extremely happy that Mr. Rajiv Nath, Forum Coordinator AIMED and Chairman of the Advisory Committee of Medical Fair India, plays a pivotal role in the creation of this Council along with the Department of Pharmaceutical, Government of India. I believe it is important for MDEPC to be engaged to unleash the huge export and investment potential for manufacturing medical devices for the global market.”