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Goyal Urges Pharma Industry to Make India Global Medical Hub
Piyush Goyal wants India to become a major place for people from other countries to receive medical care.
He said India should make better medicines and medical devices.
The government is willing to pay for all the cost of new testing equipment.
These tests would help prove that Indian products meet high global standards.
Goyal also encouraged companies to work with foreign businesses and researchers.
He said hospitals and insurers should make treatment and payments easier for patients.
Interpreters could help foreign patients communicate with doctors.
He also called for better training and honest treatment packages.
Around 3.5 million patients have used India’s medical tourism system in seven years, and the goal is 10 million patients each year.
Commerce and Industry Minister Piyush Goyal urged India’s pharma industry to attract global patients and innovators.
The government offered to fund 100% of the cost of acquiring testing equipment through the Bureau of Indian Standards.
Goyal called for technology partnerships, joint ventures, shared testing facilities, and international research centers.
He urged insurers, health-tech companies, hospitals, and caregivers to improve patient services, transparency, and communication.
About 3.5 million patients benefited from India’s medical value tourism ecosystem in seven years, with a target of 10 million annually.
- Who
- Commerce and Industry Minister Piyush Goyal addressed India’s pharma, medical-device, healthcare, insurance, and health-tech industries.
- What
- Goyal called for India to become a global medical hub and offered full government funding for acquiring testing equipment.
- Where
- New Delhi, India.
- When
- Monday; a related post by Goyal was dated September 7, 2026.
- Why
- To attract global patients and innovators, improve healthcare standards, expand medical exports, and create jobs and business opportunities.
Key facts
- Government support
- The government said it would fund 100% of the cost of acquiring testing equipment.
- Testing infrastructure
- Shared facilities would test, benchmark, certify, and demonstrate medical equipment for global customers.
- Industry partnerships
- Goyal encouraged technology partnerships, joint ventures, co-development, licensing, and joint research centers.
- Medical tourism beneficiaries
- About 3.5 million patients benefited from India’s medical value tourism ecosystem over the last seven years.
- Annual target
- India’s stated target is to serve 10 million medical tourists per year.
- Patient services
- The minister called for interpreters, trained caregivers, transparent treatment packages, and timely insurance reimbursements.
Quotes
Piyush Goyal
India’s commerce and industry minister
“We must develop a critical component ecosystem by strengthening our domestic capabilities with high quality. And we must also create shared testing infra facilities where these equipment can be tested, benchmarked to the best in the world, certified and demonstrated to global customers”
deccanchronicle.com
“The pharma sector has the potential to take India to the world, earn goodwill and serve people globally while creating a huge number of jobs and business opportunities in the manufacture of drugs, medical equipment and consumables.”
deccanchronicle.com
Sources
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