Industry welcomes govt’s plan to set up an EPC for medical devices

“Fantastic news! The long sought and requested Medical Devices Exports Promotion Council is finally sanctioned to be created. This strategic step will go a long way in accelerating the exports and manufacturing growth of this sector. This will help bring in co-ordinated 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 our quest to be one of Top 5 preferred supplier base of medical devices worldwide.

India currently, in 2021-22 exports Rs 23766 crore, up from Rs 19736 crore last fiscal,” said Rajiv Nath, Forum Co-ordinator, AiMed.

For details, see Setting up of an EPC for medical devices, Ministry of Commerce and Industry.
MB Bureau