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Can a ₹500 crore government scheme make India self-reliant in manufacturing medical devices?

 Can a ₹500 crore government scheme make India self-reliant




Government scheme make India self-reliant in manufacturing medical devices?



The Indian government has recently launched a significant initiative worth ₹500 crore aimed

at strengthening the nation’s self-reliance in medical device manufacturing. This initiative is

part of the “Atmanirbhar Bharat” or “Self-Reliant India” campaign, which seeks to reduce

dependence on imported medical devices, which currently account for nearly 80% of the market.

The scheme aims to foster local innovation, decrease imports, and position India as a global hub

for medical device production by incentivizing domestic manufacturing.

The ₹500 crore investment will be allocated under the Production-Linked Incentive (PLI) scheme,

alongside other support measures designed to help local companies scale up production, upgrade

technology, and enhance quality. There will be a particular focus on high-tech medical devices,

including MRI machines, CT scanners, and other diagnostic and life-saving equipment that India

primarily imports.

One of the main challenges is bridging the technological gap between imported devices and those

produced locally. To tackle this issue, the scheme includes provisions for research and development

support, promoting collaboration between local manufacturers, research institutions, and startups.

Additionally, it aims to simplify the regulatory process to help indigenous products meet global standards

and facilitate exports.

Experts believe that while ₹500 crore is a significant initial investment, further funding and policy

support will be necessary to achieve a lasting impact. Industry leaders have welcomed the initiative,

emphasizing the importance of infrastructure development and workforce training to meet global

quality benchmarks.

In the long term, the scheme is expected to generate thousands of jobs in the medical device sector

and enhance India’s healthcare infrastructure by making advanced equipment more affordable. The

government hopes that a self-reliant medical device industry will benefit the healthcare sector while

strengthening India’s position in the global market.

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