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01/10/2022 03:31pm

Indian medical devices industry has potential to record $50bn growth by 2030, says Union Minister Mansukh Mandaviya

image Indian medical devices industry has potential to record $50bn growth by 2030, says Union Minister Mansukh Mandaviya

New Delhi, Oct 1 (KNN) In the next 25 years, Indian medical devices industry has the ability to grow as the global leader in manufacturing and innovation in next 25 years, said Dr Mansukh Mandaviya, Union Minister for Chemicals & Fertilizers.

He said this on Friday at the launch of the website of India MedTech Expo 2022 (IMTE-22).

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It is an expo being spearheaded by the Government in association with Indian medical devices industry.

The three-day IMTE-22 will start from December 9, 2022 at Pragati Maidan, New Delhi.

The event will create visibility of medical devices ecosystem to the world and build a brand identity for the Indian MedTech sector, said the Minister. 

The Union Minister emphasized that India has the potential to be one of the top 20 global medical device markets in a short span of time.

He urged the Indian Medical Devices Industry to work with an aim to emerge as the global leader in the manufacturing and innovation of medical devices.  (KNN Bureau)

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