The Indian Medical Devices industry received a major boost with the establishment of National Medical Devices
Promotion Council. The Association of Indian Medical Device Industry (AiMeD) has been appointed as a member of the Council under the aegis of Department of Industrial Policy and Promotion (DIPP)
The elated Mr. Rajiv Nath, Forum Coordinator, Association of Indian Medical Device Industry (AiMeD) said “We are delighted and in high spirits to be a part of the newly established National Medical Devices Promotion Council. AIMED had been seeking a council for the development of Indian medical devices for quite some time. We look forward to new opportunities to contribute in Nation building by building a strong Indian medical device industry which is of utmost importance to address our National Healthcare Security Concerns & Economy.
Mr. Nath whole heartedly thanked Shri. Suresh Prabhakar Prabhu, Hon’ble Minister of Commerce and Industry for his encouraging offer to open a National Design Council and GEM Technical Centre at Kalam Institute of Healthcare Technology.
Mr Nath also expressed his gratitude to Shri. Ashwini Kumar Choubey, Minsiter of State, MOH&FW for announcing the need for review for the following 3 key strategies during the WHO Global Forum for Medical
1. Need to provide reasonable protection to Domestic Industry with 15% to 20% import duty as done for mobile phone
2. Need to have a separate medical device law and while that goes through a lengthy legislative process, to use BIS act & Rule as an interim solution to regulate all Medical Devices at one go, for ensuring patient safety
3. Need to protect patients from being fleeced by exorbitant 1000% – 3000% mark up on MRP on Medical Devices and to bring in a 75% Rational Trade Margin Cap over Import Landed Price and Ex-Factory Price
Through National Medical Devices Promotion Council DiPP has decided to strengthen the Indian medical devices sector by facilitating domestic manufacturers to rise to international level and discouraging unfair
trade practices in import and lead India to an export driven market in the sector.
“We do acknowledge the role played by the various news articles in last few days that has helped to bring focus to this long neglected Indian medical devices sector and help accelerate the process of establishing Medical Devices Development Council by DiPP. We wholeheartedly thank Secretary DIPP, Shri Ramesh Abhishek for
responding to the needs of Indian Medical Devices industry” Added Mr.Nath.
Mr. Nath further pointed out that the way Pharmaceutical Export Promotion Council of India (Pharmexcil) was successful in promoting the Indian Pharmaceutical Industry, we are similarly hopeful that Medical Devices Development Council will help realise our vision for India to be among the Top 5 Medical Devices manufacturing hubs worldwide as the Council will spearhead the policy needs to accelerate the manufacturing of medical devices in India and end the 70-90% import dependence forced upon us and an import bill of over Rs 31, 000
crore. The Indian market at retail and institutional level is estimated to be at over Rs. 70000 Cr (10 Billion $)
“We are glad Govt. is taking serious steps to make India a global robust hub for medical devices manufacturing and fulfilling Govt’s ambitious mission of making quality healthcare affordable for common masses” concluded Mr. Rajiv Nath.