Union Minister JP Nadda unveils Scheme to Strengthen the Medical Device Industry.

Goverment Scheme

Union Minister Jagat Prakash Nadda, Minister of Chemicals & Fertilizers (MoC&F), launched the Scheme for Strengthening the Medical Device Industry with an allocated budget of Rs.500 crores.


      - Scheme for Strengthening the Medical Device Industry is a comprehensive initiative targeting critical areas of the medical device industry. It covers manufacturing of key components and accessories, skill development, support for clinical studies, development of common infrastructure, and industry promotion.

      - This scheme will benefit the industry and significantly contribute to making India self-reliant.

      - The scheme is expected to provide a boost to the entire medical device sector.

Main Points:-   (i) Anupriya Patel, Minister of State(MoS) for Chemicals and Fertilizers and Health & Family Welfare, and Shri Arunish Chawla, Secretary, Department of Pharmaceuticals, along with officials of the department and representatives of the industry, were also present during the event.

      (ii) India's medical device market was valued at approximately USD 14 billion in 2024, with projections to reach USD 30 billion by 2030.

(iii) The design was developed in collaboration with the Armament Research & Development Establishment (ARDE) in Pune, Maharashtra, and the Indian Army.

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