Medical Devices Industry Current Affairs, GK & News

Export Promotion Council (EPC) for Medical Devices

The Indian Government has decided to set up a separate Export Promotion Council (EPC) for Medical Devices. Key facts The new EPC would have headquarters in Yamuna Expressway Industrial Development Authority (YEIDA), Greater Noida, Uttar Pradesh and regional offices in Visakhapatnam and Hyderabad. An initial funding of Rs.3 crore will be provided by the government ..

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Centre notifies new medical device rules

The Medical Devices (Amendment) Rules, 2022 were notified by the Union Cabinet recently. Key facts The new rules require online registration of all manufacturers of all class A medical devices. Class A medical devices are those having low-to-moderate risk to patient or user. These include surgical dressings and others. All class A and B manufactures ..

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Domestic Manufacturing of Medical Devices approved by Cabinet

On March 21, 2020, the Union Cabinet chaired by PM Modi approved the Medical Device Park Scheme. The scheme is to be implemented for the next five years. The GoI has approved Rs 13,760 crores for the scheme. The amount is mainly to be used in medical devices and drugs production. Highlights The scheme aims ..

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Government signs loan agreement with World Bank for Innovate in India for Inclusiveness Project

The Union Government (Ministry of Finance) has signed a Loan Agreement with the World Bank for IBRD credit of US$ 125 (equivalent) for Innovate in India for Inclusiveness Project. The objective of project is to nurture indigenous innovation, foster local product development and accelerate commercialization process in biopharmaceutical and medical devices industry in India. Innovate ..

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