India s medical device industry is estimated to touch USD 50 billion by 2025 from the current USD 11 billion, the country s Ambassador in Washington Taranjit Singh Sandhu has said, asserting that the US-India partnership in the key sector could provide a robust supply chain for others. Ambassador Sandhu, addressing a webinar, India-US Partnership: Opportunities for collaboration in Medical Devices, organised by Consul General of India in Houston Aseem Mahajan on Tuesday, said while the US stands as the largest medical device market in the world, India is among the largest within Asia. It is fast emerging as a destination for high-end diagnostic services and is a growing market for diagnostic kits, handheld equipment, stimulus equipment of operation rooms, the Indian envoy said.
India-US ties in medical device industry has immense potential: India s envoy
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Last Updated: May 02, 2021, 08:25 PM IST
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Synopsis
Ambassador Sandhu, addressing a webinar, India-US Partnership: Opportunities for collaboration in Medical Devices , organised by Consul General of India in Houston Aseem Mahajan on Tuesday, said while the US stands as the largest medical device market in the world, India is among the largest within Asia.
PTI
India s medical device industry is estimated to touch USD 50 billion by 2025 from the current USD 11 billion, the country s Ambassador in Washington Taranjit Singh Sandhu has said, asserting that the US-India partnership in the key sector could provide a robust supply chain for others.
Vice-chairman of Niti Aayog
Rajiv Kumar on Thursday said that the private sector of the country will have to drive growth and not the public enterprises as they used to be. Speaking at a webinar organised by Merchants Chamber of Commerce and Industry, Kumar said that the private sector also needs to create trust with the government, which is the need of the hour. The private sector of the country has to be the key driver of growth. Earlier, the public sector used to drive the growth engine, but not now, Kumar said. The Niti Aayog official said that India needs to speed up growth rates to at least eight per cent to address the issues of reduction of poverty, improving the healthcare system and increasing the reach of education.
Synopsis
Speaking at a webinar organised by Merchants Chamber of Commerce and Industry, Kumar said that the private sector also needs to create trust with the government, which is the need of the hour.
Agencies
Vice-chairman of Niti Aayog Rajiv Kumar
Vice-chairman of Niti Aayog Rajiv Kumar on Thursday said that the private sector of the country will have to drive growth and not the public enterprises as they used to be.
Speaking at a webinar organised by Merchants Chamber of Commerce and Industry, Kumar said that the private sector also needs to create trust with the government, which is the need of the hour.
Is China still the factory of the world?
Trust and reputation are perhaps the only two things in the world that travel faster than light. From all accounts it appears as if China is losing the trust game and this global untrustworthy reputation is casting a long dark shadow over its manufacturing muscle. The perfect heady cocktail of Covid-19, geopolitical tensions, unwanted aggression on neighbours and in the South China Sea, high tariffs, use of forced ethnic minority labour, misusing WTO (World Trade Organisation) rules are all coming together to move the world’s factories away from the world’s factory! Hong Kong and Shenzhen with about 500 and 300 skyscrapers, respectively, the most of any cities in the word, were the leaders on this one metric a silent but visible testimony to China’s global ambitions, even dwarfing New York and Los Angeles.