World eager to invest in India’s MedTech sector: Dr Mansukh Mandaviya
Gujarat is committed to provide support to MedTech & pharma industry; urges investment by industry: Bhupendrabhai Patel GANDHINAGAR, 17 August 2023: Dr Mansukh Mandaviya, Minister for Health & Family Welfare and Chemicals & Fertilizers, Govt of India inaugurated
Gujarat is committed to provide support to MedTech & pharma industry; urges
investment by industry: Bhupendrabhai Patel
GANDHINAGAR, 17 August 2023: Dr Mansukh Mandaviya, Minister for Health &
Family Welfare and Chemicals & Fertilizers, Govt of India inaugurated India’s 1st
ever MedTech Expo organized by the Department of Pharmaceuticals,
Government of India jointly with FICCI, which is being held from 17th to 19th
August at Helipad Exhibition Centre, Gandhinagar, Gujarat in presence of Shri
Bhupendrabhai Rajnikant Patel, Chief Minister of Gujarat. The event was
attended by Shri Rushikesh Patel, Health Minister Government of Gujarat; Ms. S.
Aparna, Secretary, Department of Pharmaceuticals, Government of India; Shri Raj
Kumar Chief Secretary, Government of Gujarat; Shri Tushar Sharma, Chair FICCI
Medical Devices Committee; CEOs of Medtech industry; other luminaries from
trade and industry; senior officials from Government of India and State
Governments; exhibitors from medical device industry and buyers from India as
well as abroad.
Addressing the inaugural session Dr Mandaviya said that the event is first of its
kind, being organized as a co-branded event of G-20 Health Ministers’ Meet being
held in Gandhinagar. Global MedTech industry is eager to invest in India due to
transparent policies and holistic approach of the government, under the dynamic
leadership of Hon’ble Prime Minister Shri Narendra Modi. The recent unveiling of
National Medical Devices Policy, PLI schemes and development of Medical
Devices Parks are some of the examples of the policy initiatives. As a result of all
these efforts, global investors are getting attracted to India’s MedTech sector and
many MNCs are willing to invest in the country. The Expo show cases best of
current, as well as futuristic technologies in the medical devices sector. It brings
together industry – foreign as well as domestic manufacturers including MSMEs,
state governments, research and development institutions, startups, regulators
and buyers. The Expo will go a long way in facilitating exchange of ideas and
information, building collaborations and partnerships, promoting trade and
investment along with research and innovation in the sector.
Shri Bhupendrabhai Rajnikant Patel, Hon’ble Chief Minister of Gujarat said that,
“The State is the hub of Pharma and MedTech industry in the country. It is
Thursday, 17 August,
2023
PRESS RELEASE Gandhinagar, Gujarat
because of the investor friendly policies of the state government that
Gujarat accounts for around 33 per cent of India’s pharma production. We
endeavour to provide all the impetus to the industry in the future as well and we
are very hopeful of attracting more investors from around the world.”
Dr V K Paul, Member NITI Aayog said, “The advancement in technology and
innovation has changed the landscape and offerings of the medical devices sector
in many ways. India’s MedTech sector is now at an inflexion point to move in the
direction of exponential growth both in terms of quality and quantity, as well as
its reach globally, which will realize the goal of Atmanirbhar Bharat.”
Highlighting the measures taken by the government, Ms S Aparna, Secretary,
Department of Pharmaceuticals, said, “The government has taken a number of
policy measures along with PLI initiatives to support the MedTech sector and is
open to taking all necessary steps to support universal healthcare not only for
Indians but also for the world.”
Mr Suresh Vazrani, CMD, Transasia Bio-Medicals Limited spoke on the potential
of India’s MedTech sector, and Mr Tushar Sharma, Chair, FICCI Medical Device
Committee and Managing Director & GM, Abbott Vascular delivered the vote of
thanks.
On the occasion, a compendium on MedTech Expo, booklets on Future & R&D
Pavilions and a coffee table book on India Pharmaceuticals sector were also
released.
The ‘INDIA MEDTECH EXPO’ has the central theme ‘India: The Next MedTech
Global Hub’ Future of Devices, Diagnostics and Digital’. Along with buyer-seller
meetings, panel discussions and workshop on different themes, there is an
exhibition of Medical Devices withexclusive pavilions, including Future Pavilion,
R&D Pavilion, Start-up Pavilion, State Pavilion, Regulators’ Pavilion and Make in
India Showcase.