Specific regulations for the medical device industry will streamline the approval process, enabling manufacturers to secure clinical trial approvals and sales licences in a short period
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The Indian government has approved a Rs 6,000 crore ($812 million) investment in the pharmaceutical and medical device manufacturing sectors under the production linked incentive (PLI) scheme. The investment aims to develop a cost-effective and sustainable process for active pharmaceutical ingredients (APIs) and key starting materials (KSMs).
Mandaviya said that 'MedTech Expo 2023 draws inspiration from Prime Minister Narendra Modi's vision of making India atmanirbhar or self-reliant. "It will be a unique, all-encompassing platform to showcase the strength and potential of the Indian Medical Devices ecosystem," the health minister said.