India Looking to Reduce its Reliance on Medical Device Imports

Through the construction of medical device parks, export promotion policies, and new market access regulations, New Delhi is hoping to reduce its dependence on imported medical devices. A recent news report from The Economic Times explores a recent set of policies proposed by the Association of Indian Medical Device Industry (AIMED). Proposed policies include a “buy Indian” preferred market access policy, a 15% preferential pricing of World Bank and World Health Organization tenders, and various incentives to ensure the production of quality products made in India.

India currently imports over 70% of its medical device products and depends on foreign firms for almost 90% of advanced electronic medical devices. With the implementation of these new policies, AIMED hopes to turn India into a “super global hub” for medical device manufacturing.