Archive · 8 Aug 2026
PM Modi Highlights India's Growing Self-Reliant Med-Tech Ecosystem
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.
PM Modi shared an article by Union Health Minister Jagat Prakash Nadda highlighting India's self-reliant med-tech ecosystem.
More than 50 high-end medical devices have started being manufactured in India under the Production Linked Incentive (PLI) scheme.
India's med-tech market is currently valued at $15-16 billion and is growing at nearly 12 per cent annually.
India's medical device sector is projected to reach $250 billion by 2047.
Government initiatives including the PLI scheme, Medical Device Parks and the PRIP scheme are driving domestic manufacturing and reduced import dependence.
- Who
- Prime Minister Narendra Modi and Union Health and Family Welfare Minister Jagat Prakash Nadda
- What
- Highlighting India's growing self-reliant medical technology ecosystem, driven by domestic manufacturing, reduced import dependence and government support
- When
- On Saturday; the article provides no specific date
- Where
- India, with Modi posting from New Delhi
- Why
- To reduce import dependence, strengthen supply chains, create cost efficiencies and position India as a trusted global med-tech partner for affordable and accessible healthcare
- 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