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 First Medical Device Park in Andhra Pradesh
Aiming to reduce import dependency in the medical device industry as well as create employment and growth in the state, Chandrababu Naidu, the chief minister of the state of Andhra Pradesh, has decided to invest in a 200-acre medical device park — the first of its kind in India. The...
India Requests Medical Device Makers for Price Lists
Concerned about reports of rising prices of medical devices including stents, the Indian government has asked device makers to review their pricing and submit details of the maximum retail price of their products to the Indian drug regulator National Pharmaceutical Pricing Authority, the entity that also oversees medical devices pricing. “There have...