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Govt to collaborate with stakeholders to develop medical technology: MoS Science & Tech
DTMT Network
The Minister of State (Independent Charge) Science and Technology, Dr Jitendra Singh has assured stakeholders that the government will collaborate with them in developing medical technology.
According to the ministry, India’s medical technology sector was worth $11 billion in 2020 and is estimated by the CII study to grow up to $50 billion by 2025.
In a recent virtual address to the 13th CII Global MedTech Summit “Sunrise Medical Devices Sector in India”, Dr. Singh informed that this collaboration will also help in promoting the development of indigenous technologies and will be in line with the vision of Prime Minister Narendra Modi’s Atmanirbhar Bharat.
Stressing that India’s Healthcare industry has made several advances since independence Dr. Singh said that India is among the world leaders in medicare and sometimes new technologies are applied here even before they are rolled out in the West.
Dr. Singh further said, “Inspite of that 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 noted.
Dr. Singh added that now all that has changed under the leadership of Prime Minister Modi who promotes scientific temper, as is evident by the National Hydrogen Mission announced by him in his Independence Day address on August 15 this year.
While praising the Prime Minister, Dr. Singh said, “Prime Minister has given the freedom to do away with regulations that have been hampering the growth of the indigenous industry. Earlier, entrepreneurs were reluctant to invest as there were multiple window clearances, sometimes 70 even in the small scale sector.”
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