Why Medical Devices Firms Seek Lifelines
Investments rise but companies ask for more hand-holding and incentives to make India a manufacturing base.
Investments rise but companies ask for more hand-holding and incentives to make India a manufacturing base.
Over 500 applications for manufacturing licences of high-risk Class D and moderately high-risk Class C medicines are pending with the regulator
Currently, medical devices are regulated by the drug authorities as the rules concerning these products are covered under the Drugs and Cosmetics Act.
Policy aspires to strengthen 6 broad areas to help medical devices sector grow from $11 bn presently to $50 bn by 2030