New Delhi: The Indian government has launched a Rs 500 crore scheme to strengthen the country’s medical devices industry and reduce its reliance on imports. Announced by Union Health Minister JP Nadda, the plan aims to boost local manufacturing and increase exports.
Key parts of the scheme include Rs 180 crore for developing local supply chains and Rs 100 crore to support clinical studies, helping companies meet regulatory requirements. Industry experts, including Himanshu Baid of Poly Medicure and Rajiv Nath from AiMeD, believe the scheme will encourage more local production and reduce the industry’s dependence on imports.
The initiative also focuses on setting up shared facilities for medical device clusters and launching skill development programs to address talent shortages. Pavan Choudary of the Medical Technology Association of India noted that this scheme targets crucial areas like manufacturing essential components and improving infrastructure.
Overall, the industry expects the government’s move to spur innovation, support domestic production, and help India compete more effectively in the global medical devices market.
