‘Medical technology segment which contributes to substantial portion of healthcare costs is again completely ignored’
Though government has shown their willingness to focus on healthcare more comprehensively with more inclusive strategy, it is disappointing again, the medical technology segment which contributes to substantial portion of healthcare costs is again completely ignored. As medical technology is not looked after by any government departments like Dept of Pharmaceuticals etc this vital sector is being continuously ignored making it more and more import dependent. There is an urgent need to form a Department of Medical Devices under Ministry of Health or Ministry of Science Technology to encourage and incentivise domestic R&D and manufacturing initiatives in India. We request the government to start focusing on this Rs 30,000 crores industry with over 80 per cent import dependency!
– Dr GSK Velu, Founder and MD, Trivitron Group of Companies
