3 weeks ago

PM Modi Highlights India's Growing Self-Reliant Med-Tech Ecosystem

PM Modi Highlights India's Growing Self-Reliant Med-Tech Ecosystem
India's med-tech ecosystem gaining strength on domestic manufacturing, lower import dependence: PM Modi · thehansindia.com

India is getting better at making machines that doctors and hospitals use to help people, like scanners and implants.

For a long time, India bought many of these machines from other countries.

Now the government is helping Indian companies make more of them at home.

Prime Minister Narendra Modi shared an article written by Health Minister JP Nadda about this progress.

The government supports companies through programs called PLI, Medical Device Parks, and PRIP.

Already, more than 50 special medical machines are being made in India.

The market for these machines in India is worth about 15 to 16 billion dollars and is growing fast.

Some experts think it could be worth 250 billion dollars by the year 2047.

Making these machines in India helps create jobs and makes healthcare more affordable and accessible for everyone.

Key facts

Med-tech market value
$15-16 billion
Annual growth rate
Nearly 12 per cent
Global ranking
Fourth-largest med-tech market in Asia; among top 20 globally
High-end devices manufactured under PLI
More than 50
Projected market size by 2047
$250 billion
Projected size within this decade
$30-50 billion
Key government initiatives
PLI scheme, Medical Device Parks, PRIP scheme

Quotes

Union Health Minister JP Nadda

India’s Minister of Health and Family Welfare

“Union Health Minister JP Nadda highlights India’s growing self‑reliant med‑tech ecosystem, driven by domestic manufacturing, reduced import dependence and schemes such as PLI and Medical Device Parks.”
thehansindia.com
“PM Modi said that India was steadily emerging as a trusted global med‑tech partner focused on affordable and accessible healthcare.”
thehansindia.com

Sources

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