India Plans Medical Device Industrial Parks as Part of 'Make in India' Campaign
Friday, April 10, 2015
Source: Fierce Medical Devices
India is planning to open its first medical device industrial park in Gujarat, the state whose strong economic performance propelled Narendra Modi, its former chief minister, to the prime ministership. Discussions are underway for a second park in the south Indian state of Tamil Nadu.
If developed, the industrial parks would be a significant win for Modi's "Make in India" campaign, and in a manufacturing arena that is underdeveloped. India imports 75% of its medical devices.
In addition, several reforms are planned as the country tries to replicate its success in pharmaceutical manufacturing in the device arena, according to a newly released government report on increasing production of high-end devices.