‘Make in India’ comes of Age for Indian Medical Device & Diagnostic Industry

PM Modi’s Atmanirbhar Bharat is all set to be showcased in Vizag Expo in December

New Delhi: Indian Medical Device and Diagnostic sectors never had it so good. Industry leaders of these sectors in the habit of bemoaning inclement ecosystem had a different tune altogether. In a press conference they said in no uncertain terms that ‘Make in India’ comes of Age and Atmanirbhar Bharat of PM Narendra Modi is palpable. They had pretty good words for the union government for its affirmative policies. First indigenous MRI machine and Surgical Robot are all set to exemplify Indian medical device industry’s new found confidence.

The press conference was called to announce India International Medical Equipment & Hospital’s Need Expo and Summit being organized in Vizag from December 11 to December 13, 2021 under the aegis of AMTZ(Andhra Pradesh Medtech Zone) in association with healthcare players. The show in fact is intended to celebrate new found confidence of indigenous medical device and diagnostics in last few years of PM Modi’s rule.

The interlocutors were so upbeat that they said the industry has started foreseeing India becoming global hub of medical devices and diagnostics just as it is already pharmacy of the world. It may sound a long shot but some steps being taken so far point to a certain reversal of trends in their favour.

Industry leaders all Dr Rajiv Chhibber, VP, External Affairs Sahjanannd Medical Technologies, Rajiv Nath, MD, HMD (Hindustan Syringes and Medical Devices Ltd) and Forum Coordinator, AiMeD (Association of Indian Manufacturers of Medical Devices), Ms Veena Kohli, President ADMI (Association of Diagnostics Manufacturers of India) , Mr Rakesh Bhatia – VP Business Development, AMTZ(Andhra Pradesh Medtech Zone)said in unison that Make in India in these sectors are a fait accompli.

Kamlesh Chaudhary President Public Procurement Group- DPITTin the press conference was cynosure of all eyes because of some radical steps he has taken that are in favour of Indian Medical Device Industry. ‘DPITT supported domestic manufacturers by disallowing institutions like Aiims , Defence n Railways from specifically seeking CE or USFDA approval from tender bidders and further gave a boost to make in India by limiting most central Govt tenders to suppliers with over 50% domestic content – with this the pseudo manufacturers who were importing from China etc and just relabelling or repackaging and trying to pass these off as Indian brands got a huge setback , a big motivation for those manufacturers who toiled to put up green field projects.

Rajiv Nath, coordinator of 3-day exhibition in Vizag, a hard to please votary of Make in India, seemed brimming with confidence. To a question- has Make in India come of age- he said resounding yes, and added- the Indian Medical Device Industry has found its legs and is running. He had all the words of praise for the decisive leadership of PM Narendra Modi. He said reversal of trends are palpable. End of import dependency for medical devices and diagnostics may take some time but beginning has been made. Atmanirbhar Bharat is certainly in the making in these sectors. He said three-day expo and summit is starting on the day of birth anniversary of late APJ Abdul Kalam, a great visionary and popularly called Missile Man of India.

Indian Healthcare Industry Eyeing to reach US$ 372 Billion by 2022

The growth of the Indian Healthcare and Medical device industry shows an upsurge over the years and the same is poised to reach US$ 372 Billion and US$ 15 Billion by the end of 2022.

The Covid’19 era was an eye-opener for the Indian Healthcare system and medical device industry in particular as they have shown tremendous courage and stood up to the challenges and swung into action while saving important patient lives.

Today, the Indian Medical device industry is on its pathway towards ‘A $50 Billion MedTech vision by 2030’.To act as a catalyst to this and under the aegis of AMTZ- The Andhra Pradesh Medtech Zone Ltd, in association with Medical and Healthcare fraternity in India alongside ICEXPO, are organizing the India International Medical Equipment and Hospital’s Need Expo and Summit.

The Three days of hybrid show is supported by its industry stakeholders- Invest India- The Investment Promotion Council, The Association of Healthcare Providers India (AHPI), Consortium of Accredited Healthcare Organisation (CAHO) The Association of Indian Medical Device Industry (AiMed), Association of Diagnostics Manufacturers India (ADMI), Force BioMedical and the Public Procurement Group. Dignitaries and Industry associates will congregate for a high-level discussion.

The ICEXPO- Medical Devices will be a historic and unique gateway to enhance our synergies to boost care, capacity and creativity in Med Tech”— quoted as saying Dr. Jitendra Sharma, Managing Director and CEO of Andhra Pradesh Medtech Zone Ltd (AMTZ).

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