Union Minister of Commerce and Industry and Civil Aviation, Suresh Prabhu on December 14, 2018, announced to set up a National Medical Devices Promotion Council under the Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry.
The announcement was made on the occasion of 4th WHO Global Forum on Medical Devices at Andhra Pradesh Medtech Zone in Vishakhapatnam. The Government aims to boost the medical device sector by setting up the council. The Medical Devices Industry (MDI) plays a critical role in the healthcare ecosystem and is crucial to achieving the goal of health for all citizens of the country.
The manufacturing and trade in MDI are growing steadily in double digits. However, it is largely import-driven with imports accounting for over 65 per cent of the domestic market. The setting-up of the Council will spur domestic manufacturing in this sector as Indian companies and startups have started moving towards creating innovative products.