As a development of the “Make in India” campaign, the Central government of India is planning for a slew of policies to push the growth of medical technology sector. Evolution in regulation of the medical products, separate legislation, overhauling tax structure for domestic manufacturing said Dr VK Subburaj, secretary, department of pharmaceuticals (DoP) in a medical conference held at New Delhi. The theme of the conference was “Achieving $50 billion turnover by 2025”.

The growth of Healthcare Sector in India will be 4 to 5 times higher than current growth if separate regulatory body regulates the industry” he added. The office of the Prime Minister is showing keen interest in developing medical equipment domestic production and the DoP to implement schemes without any delay. Above two –thirds of the medical equipments are imported in India and few of the Indian manufactured are competitive in both price and quality. In India, there are around 800 units. The number units would increase in the near future. Dr Subburaj also insisted on the important aspect of accessibility and affordability for the people. Currently only 1.5 to 2 lakh surgeries per year are performed in India whereas the demand is around 25 lakhs. This shows the cost effective medical systems would have a great scope of increasing the healthcare market in India. READ ALSO: Manufacturing License in India – document requirements.