Minister of Health and Family Welfare Dr. Mansukh Mandaviya last wekk launched National Medical Devices Policy 2023, Medical Devices Export Promotion Council and Assistance to Medical Devices Clusters for common facility

The Cabinet approved the National Medical Device Policy 2023 on April 26, but the policy and its official strategy document were officially released and unveiled by Shri Mansukh Mandaviya today.

He also launched the Export Promotion Council for Medical Devices and the Scheme for Assistance to Medical Devices Clusters for Common Facilities (AMD-CF) and released six reports on pharmaceuticals and medical devices.

Rajiv Nath, Forum Coordinator of Association of Indian Medical Device Industry (AiMeD) applauding the Govt said “We congratulate the Government wholeheartedly for launching the much-needed, long awaited ‘National Medical Devices Policy’ to make an Atmanirbhar Bharat that not only helps its own citizens but makes affordable high quality and safe medical devices accessible to the world & place India among global top 5 suppliers of Medical Devices World wide”

“The Exports Promotion Council for Medical Devices will help bring in coordinated inter-ministerial policy measures for unleashing the huge export potential and investment potential of over Rs. 80,000 Cr for manufacturing medical devices for the Global market in India’s quest to be one of Top 5 preferred supplier base of medical devices worldwide and we are thankful to the Minister of Commerce and Industry in taking this initiative to help realise our Prime Minister’s vision” Mr. Nath further added.

Nath, applauding the Health Minister for launching the Assistance to Medical Devices Clusters said “It’s a great start! This is in line with the 4th Strategic Component of Building Infrastructure as defined in National Medical Devices 2023 Policy. This hopefully will be availed in many states to make an Atmanirbhar Bharat.”

“Medical Device Policy is a progressive step in propelling the country towards Atmanirbharta in the heavily import dependent Medical Device Sector. This will also fuel manufacturing in India and will help realise the goal of the Medical device industry reaching $50 Billion in the country by 2025.”

“We are more than hopeful that the policy & schemes will help boost local manufacturing, help traders and importers to start investing in putting up factories and end the 70-80% import dependency forced upon India and the ever-rising import bill which last year shot up by a steep 41% to over Rs. 63000 Cr and make quality healthcare accessible and affordable for common masses worldwide.” Mr. Nath further added