The Government of India has invited proposals from manufacturers, startups and innovators under key schemes aimed at strengthening the domestic medical devices industry, offering financial assistance of up to ₹10 crore to eligible applicants. The initiative is designed to promote indigenous manufacturing, reduce import dependence, encourage innovation and strengthen value chains across India’s rapidly growing medical devices sector.

According to official notifications, applications have been invited under two major sub schemes focused on enhancing manufacturing capabilities, supporting research and development and accelerating commercialization of medical technologies. Selected applicants will be eligible for financial incentives of up to ₹10 crore, depending on the category of the project and investment requirements.

The initiative aligns with the government’s broader objective of transforming India into a global hub for medical device manufacturing under the Make in India and Atmanirbhar Bharat initiatives. The schemes aim to support domestic production of high value medical devices, strengthen supply chains and improve India’s competitiveness in the global healthcare technology market.

India’s medical devices sector is currently valued at approximately USD 15 billion and is projected to grow to USD 50 billion by 2030, making it one of the fastest-growing segments of the healthcare industry. Despite significant growth, the country continues to import a substantial proportion of advanced medical devices, highlighting the need to strengthen domestic manufacturing capabilities.

The government stated that the schemes are intended to support innovation-led growth, encourage investment in advanced medical technologies and facilitate the development of robust manufacturing ecosystems. Priority areas include medical equipment, diagnostic technologies, implants, digital health devices and emerging healthcare technologies.

Industry experts have welcomed the initiative, noting that financial incentives can play a critical role in encouraging investment, fostering innovation and reducing import dependency. They believe that strengthening domestic manufacturing will not only improve healthcare accessibility but also enhance India’s export potential in the global medical devices market.

The scheme also complements existing government initiatives, including the Production Linked Incentive (PLI) Scheme for medical devices and the development of dedicated medical device parks across the country. These efforts are expected to create employment opportunities, attract private investment and accelerate technological advancement within the sector.

The latest call for proposals underscores the government’s commitment to building a self reliant and globally competitive medical devices ecosystem. By providing financial support of up to ₹10 crore to eligible manufacturers and innovators, the initiative aims to strengthen India’s position as a major player in the global healthcare technology and medical devices industry.