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Poly Medicure to use Rs 10 billion fundraise for capex and acquisitions

Expansion efforts are underway in areas such as cardiology, critical care, and renal diagnostics, focusing on manufacturing to broaden its market presence. Read more

Over 1,300 units operational under PLI scheme; to generate jobs

Preliminary calculations suggest that the production of Rs 10 trillion under the PLI scheme should translate to incentives worth Rs 500 billion.Read more

Imports of medical device surged in India in fy23-34 to Rs 688.85 billion

This marks a 13% increase, with disposables accounting for nearly 17.6% of the growth.Read more

PSAIIF files PIL against ‘dumping’ of medical devices

Experts say the market for medical devices in India is largely dominated by imports of used and refurbished and reconditioned products. Read more

Mandaviya inaugurates 40 facilities to manufacture bulk drugs, medical devices

India has taken a big step towards self-reliance, with the commissioning of 27 new bulk drug facilities and 13 medical device manufacturing plants.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

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

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

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