India's Federal Government has approved financial assistance of$50 million to government institutions to develop a talent pool that will drive the medical devices industry. This initiative will support dedicated multidisciplinary courses to ensure availability of skilled manpower for futuristic medical technologies, high-end manufacturing, and research. An official from the department of...
India Boosts Medical Device Industry with New Initiatives
While India’s medical device industry has grown at a steady 14%–15% annually for most of the last decade, it only accounts for 1.5% of the global market. Now the country’s federal government has created a far-reaching policy with the goal of spiking growth to over 20% for the next decade. Read...
Andhra Pradesh to Set Up First Medical Device Park
India's eighth largest state of Andhra Pradesh situated in the southeastern part of the country, is moving forward with a first medical device park in Asia dedicated to manufacturing medical devices. The park will span 226 acres at Visakhapatnam, the state's largest city. India's state-cabinet has approved funding of the Andhra Pradesh...
India’s Medical Device Industry Develops Med-Tech Certification
The Indian Certification of Medical Devices Scheme (ICMED), the country's first domestically developed quality assurance system, was launched on March 15 to coincide with World Consumer Rights Day. This initiative was the joint effort of the Association of Indian Medical Device Industry, the Quality Council of India, and the National...