New Delhi: Being aware of the fact that India is dependent on imports of medical devices to the tune of 80 percent, a Parliamentary standing committee has suggested to the Central government, a fresh regulation for medical devices to encourage the 'Make in India' concept.
A senior government official told ETV Bharat that India's imports of medical devices crossed Rs 63,000 crore in 2021-22 and the estimated market is Rs 1,60,000 crore. It is worth mentioning that the Parliamentary committee made the suggestions following its field visit to different States.
The committee further recommends to the Ministry of Pharmaceutical expedite the process of formulating the new separate legislation having adequate provisions to give the medical device industry in the country a kick-start for pacing up with the global market.
"Since the Ministry of Health and Family Welfare is the key stakeholder and the medical devices are very diverse in range with respect to technology and material science, inter-ministry coordination is required between various departments, which should be done by the Ministry of Health and Family Welfare only," the official said while quoting the recommendation of the Parliamentary committee.
In fact, the Covid19 pandemic has highlighted the need to support indigenous manufacturers of medical devices. "The pandemic highlighted the need for infrastructure, funds for research and development, the requirement of skilled manpower, a strong synergy between central and state regulatory authorities, etc plaguing the medical device industry in India," the official said.
To know the status and prospects of the medical device industry in India, the Parliamentary committee delegation visited a number of States during the last year.
Jammu & K Kashmir:At present, 11 medical device industries exist in the UT of J&K and there are no testing laboratories in the UT. Setting up medical device parks with common utilities and incentivizing domestic manufacturers are two key steps to strengthen the medical device industry in the UT of J&K. Non-availability of raw materials, high input and transportation costs and lack of skilled labor resources are major challenges identified in J&K.