“We have already got over 4,000 energetic health-tech startups based mostly out of India… it’s a demonstration of the spirit of invention, innovation and entrepreneurship that we’ve right here, to not point out the inherent expertise we’ve in our younger inhabitants,” she mentioned in a session on ‘Way forward for Medical Expertise’ at CII Partnership Summit 2020.
This has prompted the federal government to pay particular consideration to the medical know-how sector, she added.
“Now we have seen unprecedented monetary help to the sector within the current single calendar year. It’s for the primary time, the federal government is pouring in one thing like USD 1 billion… which can be out there to the sector over the following 5 years. This fiscal help extends to the institution of infrastructure within the type of medical devices parks,” Aparna mentioned.
The federal government has additionally launched a production-linked incentive (PLI) scheme for the medical gadgets, which has obtained a optimistic response, she famous.
Innovation can also be one thing the federal government is strongly specializing in. It’s also extraordinarily eager to see higher funding from world gamers in India, not simply in manufacturing but additionally in analysis and growth within the sector, Aparna mentioned.
