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New scheme to strengthen India’s medical device industry to launch soon

Additionally, the Union Cabinet's approval of the National Medical Devices Policy last April is expected to further drive growth in the sector.Read more

FDI in manufacturing reaches $165 billion; 69% growth over last decade

This sector surge is largely driven by production-linked incentive (PLI) schemes.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

Poly Medicure calls for import substitution in upcoming Budget; Himanshu Baid

Currently around 70% of medical devices and equipment worth nearly Rs 500 billion used in India are imported. The current duty structure for these imports ranges from 7.5% to 10%.Read more

Temasek in talks to buy Rs 9 billion stake in medical equipment firm Tynor

The person further said that Temasek has bid for an up to 30-35% stake in the company for $100-120 million.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

India exports medical consumables & disposables worth $1.6 billion in FY 2022-23

India became a net exporter of medical consumables and disposables in fiscal year 2022-23, exporting $1.6 billion worth while importing $1.1 billion, marking a reversal in a longstanding trend.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

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

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