In a bid to foster ‘Make in India’ program, Centre has delinked the medical devices sector from pharmaceuticals sector. The medical devices vertical will now have separate policies and incentive support, Ananth Kumar, Minister for Chemicals and Fertilizers said on Sunday.
The government has also decided to bear the cost of effluent treatment plant and provide some basic facilities free of cost at the upcoming medical device parks in states such as Andhra Pradesh, Haryana, Gujarat and Maharashtra, to make it globally competitive, and to lower the cost of production.
Experts said that government’s decision to bear the cost of effluent treatment plant may bring down the cost of medical device manufacturing in India by as much as 30 per cent. Full Story