02 September 2021 | News
Union Minister addresses the 13th CII Global MedTech Summit on the “Sunrise Medical Devices Sector in India”
image credit- PIB
Government will collaborate with stakeholders in developing medical technology. This was stated by the Union Minister of State (Independent Charge) Science & Technology (S&T); Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh in his virtual address to the 13th CII Global MedTech Summit on the “Sunrise Medical Devices Sector in India” on 2 Sept.
Dr Jitendra Singh added, "Most medical technologies are not indigenous and we are still dependent on as much as 85% imported technologies. One reason being the healthcare sector has never been given priority here in India, neither social nor cultural, owing to legacy issues besides economic constraints."
He further said, Earlier, entrepreneurs were reluctant to invest as there were multiple window clearances, sometimes 70 even in small scale sector. COVID-19 has served to give a kneejerk to indigenous technologies such as CSIR in manufacturing ventilators, vaccine production by DBT, ISRO in Liquid Oxygen. Instead of Ministry/Department wise approvals, we should go for theme based projects involving the private sector. Indigenous medical technologies will help reduce dependence on imports and for this the government, private sector, corporates and scientists, all will have to come together and pool their resources."
India’s Medical Technology sector was worth $11 billion in 2020. A CII study estimates, this will grow up to $50 billion by 2025.