Cabinet approves National Medical Devices Policy
PTI, Apr 26, 2023, 8:04 PM IST
Representative Image (Source: Pexels)
New Delhi: The Union Cabinet on Wednesday approved National Medical Devices Policy with an aim to increase domestic production and reduce imports of such equipment.
Briefing media after the Cabinet meeting, Union Health Minister Mansukh Mandaviya said it will promote domestic production of medical devices.
Last year, the government had floated an approach paper on the draft national medical devices policy 2022 for consultation. The policy is expected to help the medical devices sector grow from the present USD 11 billion to USD 50 billion in the next five years.
The government has already initiated implementation of the PLI Scheme for medical devices and extended support for setting up of 4 medical device parks in Himachal Pradesh, Madhya Pradesh, Tamil Nadu and Uttar Pradesh.
Under the Production Linked Incentive (PLI) scheme for medical devices, till now, a total of 26 projects have been approved with a committed investment of Rs 1,206 crore and out of this, so far, an investment of Rs 714 crore has been achieved.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Mumbai local train derails at CSMT; services affected on Harbour Line
LS polls 2024: Setback for Congress in Indore — Party nominee Akshay Bam withdraws candidature
Inter-state drug racket: 6 more held, fourth narcotics lab unearthed in Rajasthan’s Sirohi
Uppunda: One killed, five injured in road mishap
Grisly discovery: Security guards of Cooperative bank murdered in Kerala
MUST WATCH
Latest Additions
Mumbai local train derails at CSMT; services affected on Harbour Line
LS polls 2024: Setback for Congress in Indore — Party nominee Akshay Bam withdraws candidature
Inter-state drug racket: 6 more held, fourth narcotics lab unearthed in Rajasthan’s Sirohi
WATCH: Residents rally to save toddler from terrifying fall in Chennai
CET 2024: 50 questions to be dropped; no re-examination