Headline : Government, Industry Should Collaborate To Reduce Medical Device Import Reliance Below 50% In 5 Years

Read more from the original article on here at www.ndtvprofit.com.

---

No. of Paragraph 16

Government and industry should work together to bring down import dependence in the medical device segment to below 50% over the next five years, Department of Pharmaceuticals Secretary Arunish Chawla said on Tuesday.

Highlighting the critical need to focus on quality to ensure that India becomes globally competitive, he noted that the government is in the process of formulating standards for over 2,000 medical devices being produced in the country in order to make them globally competitive.

"Right now our med-tech sector is 75-80% import dependent. In the next five years, we want to bring down this import dependence to less than 50 per cent," Chawla said while speaking to reporters here on the sidelines of an industry event to formulate better policies for the sector.

Chawla noted that deliberations were also held during the Meditech Stackathon 2024 to scale the medical device exports to match the level of imports of such articles into the country, he added.

Read more from the original article on here at www.ndtvprofit.com.

Related Headlines : Government, Industry Should Collaborate To Reduce Medical Device Import Reliance Below 50% In 5 Years (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.