Government approves four medical device parks
Published: November 12, 2019
On 11 Nov, the government has approved setting up four medical device parks with a view to support Make in India initiative and provide world-class treatment at affordable prices. The parks will be set up in Andhra Pradesh, Telangana, Tamil Nadu and Kerala. Further, Uttarakhand and Gujarat have also approached the Centre for such parks.
India is largely an importer of medical devices, with domestic industry accounting for about 2 per cent of the global industry which stands at USD 250 billion, as per the estimates. This will not only cut import bill but will also help in easy access to standard testing facilities and reduce cost of production. The project of Andhra Pradesh Medtech Zone for creation of Common Facility Centre (CFC) for Superconducting Magnetic Coil Testing and Research was given in-principle approval recently.