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AiMeD urges govt action to curb soaring Medical Device Import Bill

Despite support from the Department of Pharma in the previous year, the Medical Devices Industry Proposal for Union Budget 2023-24 was overlooked, according to AiMeD.Read more

SIGH to invest Rs 231.5 cr in Hyderabad manufacturing facility for medical devices

In the initial phase, Surgical Instruments Group Holdings (SIGH) intends to manufacture a range of medical devices, including general surgical instruments, precision instruments for microsurgeries, orthopedic power tools, dermatomes, and more.Read more

India's medical device imports surge by 21%, sparks calls for policy re-evaluation

The top five HS codes, constituting almost 80% of total imports, witnessed a 26% increase, notably in consumables and equipment (HS code 9018), which saw a 14% rise to approximately Rs 18,700 crore, forming 32% of the import basket.Read more

GeM, AiMeD forge partnership for direct medical device sales to government

This agreement aims to enable AiMeD's members, comprising over 300 medical device manufacturers, to directly offer their products to the government through the GeM portal.Read more

Ministry launches MedTech Mitra to propel growth in medical devices industry

Minister Mansukh Mandaviya, inaugurating the platform virtually, expressed confidence in the potential for India's medical devices industry to reach $50 billion by 2030.Read more

India's MedTech Sector booms with $464 mn foreign investment surge in 2023

Pavan Choudary, MedTech, Medical Technology Association of India, National Medical Device PolicyRead more

Indian medical device makers seek extension for Class C, D device licensing

The Association of Indian Medical Device Industry (AiMED), representing domestic medical device makers, sent a letter dated September 25 to Health Minister Mansukh Mandaviya, outlining their concerns.Read more

FDI in manufacturing increases by 76% due to PLI Schemes

PLI Schemes contribute to increase in production, employment generation, and economic growth. Rajesh Kumar Singh, Secretary, DPIIT made announcement on the significant achievements due to PLI in India.Read more

Production Linked Incentive: Boon for the Medical Devices Industry in India

India is the fourth largest medical device market in Asia. The Production Linked Incentives Scheme (PLI) Scheme for Medical Devices manufacturing proposes a financial incentive to boost domestic manufacturing boosting ‘Atma Nirbhar’ Bharat mission.Read more

Advanced Optowave helps in medical device manufacturing

The company's ultra-short laser product line AOPico and AOFemto are designed to address the challenges the customers are experiencing with new materials and smaller medical devicesRead more

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