MSME ministry plans to set up parks to manufacture low-cost medical devices
Nagpur, Jan 10 (KNN) Union Ministry of Micro Small and Medium Enterprises (MSMEs) plans to set up five parks to manufacture low-cost medical devices in the country.
Speaking at the annual conference of the Association Otolaryngologists of India here on Thursday, Union MSME Minister Nitin Gadkari said,'' MSME ministry is working on manufacturing low-cost medical devices in the country itself so that poor people could benefit out of it.''
''The equipment will be available at 50 per cent of its cost to people soon,'' he added.
He also informed about a project being carried out under the Defence Research and Development Organisation (DRDO) to manufacture 'Cochlear implant' equipment.
The ministry will be setting up five parks to manufacture medical devices in India, out of which one has already started in Vishakapatanam, Gadkari said.
"Similarly, MRI machine, which used to cost Rs 6.50 crore a piece, is now available for Rs 58 lakh after we started manufacturing it," he said.
In 2019, the country had imported medical devices worth Rs 38,837.28 crore.