Comments
To give a fillip to the medical device sector, which is a sunrise sector, Union Minister of Commerce and Industry and Civil Aviation Suresh Prabhu announced the setting up of a National Medical Devices Promotion Council under the Department of Industrial Policy and Promotion (DIPP).
The Minister was speaking at the fourth WHO Global Forum on Medical Devices here on Friday at the Andhra Pradesh Medtech Zone.
He said the medical devices industry (MDI) will play a key role in the healthcare ecosystem and “is indispensable in achieving the goal of health for all citizens of the country. The manufacturing and trade in MDs is growing steadily”.
Describing the industry as a futuristic industry, he said there was scope for many innovations. He praised the AP Government for setting up the park with modern labs and other facilities on a single campus. More such parks should come up in the country and his Ministry would extend support to AP Medtech and the efforts of the AP Government, he said
Prabhu said the national council will give a boost to domestic manufacturing and for exports. He said both the start-ups and MSMEs will also play a crucial role in the sector.
Promising all support to AP Medtech, Prabhu said: “I am also looking after civil aviation and air connectivity will be provided to any part of the globe from Vizag. Come and set up units here. It is a golden opportunity,” he told the domestic companies as well as foreign companies. FDI norms had also been relaxed for medical devices segment and companies could invest both in brownfield and greenfield projects.
He also pledged logistical support to medical devices manufacturing companies. He thanked the WHO for holding the Global Forum for Medical Devices here.
The proposed council will be headed by Secretary, DIPP. Apart from the concerned departments of Government of India, the council will have representatives from the health care industry and quality control institutions. The Andhra Pradesh Medtech Zone, Visakhapatnam, will provide technical support to the council.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.