Monday, October 13, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Manufacturing

Manufacturing: Indian medical device sector to grow to $50bn, says Minister Mandaviya

Fiinews by Fiinews
August 13, 2023
in Manufacturing
Reading Time: 1 min read
A A
0
India MedTech Expo2023
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Govt to increase generic medicines share to 50-60% in local market

India is set to emerge as the global manufacturing hub for medical devices through a holistic development of healthcare, pharmaceuticals and medical devices sectors, with the market size growing to US$50 billion from the US$11 billion.

This broad market projection was made by Dr Mansukh Mandaviya, Minister for Health & Family Welfare, ahead of first MedTech Expo to be held from 17-19 August in Gandhinagar.

In order to make healthcare affordable, the government is targeting to increase the share of generic medicines to 50-60% from current level of 14% alongside localization of medical devices, he said.

“The medical device sector is considered as one of the sunrise sectors in the country,” Dr Mandaviya said while addressing the Curtain Raiser of ‘India MedTech Expo 2023’.

“While earlier, we used to think in silos, India is on the path of being the global hub for manufacturing medical devices and producing innovative medical technologies.”

“The government is working to support the medical devices sector by initiating various reforms and policies including PLI scheme for domestic manufacturing and financial support for R&D,” said S. Aparna, Secretary, Department of Pharmaceuticals. “We are open to ideas and suggestions to help localized production.” Fiinews.com

Tags: Ministry of Health and Family Welfare
ShareTweetShare

Related Posts

PIB
Manufacturing

Manufacturing: Shah inaugurates CBG-Potash unit

by Fiinews
October 7, 2025
0
12

NCDC to support CBG-Potash plants at 15 mills Home Minister and Minister of Cooperation Amit Shah said the newly inaugurated...

OKI
Manufacturing

Manufacturing: World to get OKI’s India-made ATMs

by Fiinews
October 1, 2025
0
20

Singhal’s collaboration with Japanese company is of great significance OKI (TOKYO: 6703) says future plan is to establish a high-quality...

Kayneslogonew (1)

Manufacturing: UST sets up semiconductor facility

September 30, 2025
17
Belden

Manufacturing: Pune Plant 2 to support Belden growth

September 27, 2025
13
HAL

Manufacturing: MoD signs Rs.62,370cr contract with HAL

September 27, 2025
14
Ecoline

Manufacturing: Ecoline to set up unit in Ahmedabad

September 22, 2025
12
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: Google AI CoE with TechBharat
  • Market: Colaba sets trend of Casio timepieces
  • Tech: HCL joins MIT Media Lab
  • Project: PM launches Rs.35,400cr agri-schemes
  • Project: Energy security is pressing challenge

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.