Prime Minister re-emphasizes for self-reliance in medical equipment
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Taking its ‘Make in India’ mission a step forward, India’s Prime Minister Narendra Modi has reemphasized the government’s commitment to become self reliant in medical equipment technology.
While India enjoys the status of the third-largest pharmaceutical market, more than 70 percent of medical equipment sold in the country is imported, mostly from the United States.
Under Modi’s prime leadership, the recent move to allow FDI in medical technology development sector has also been met with huge cheers by the industry. It will help bridge the technology know-how gap in the medical devices manufacturing sector.
While India enjoys the status of the third-largest pharmaceutical market, more than 70 percent of medical equipment sold in the country is imported, mostly from the United States.
Under Modi’s prime leadership, the recent move to allow FDI in medical technology development sector has also been met with huge cheers by the industry. It will help bridge the technology know-how gap in the medical devices manufacturing sector.
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