Scheme for Strengthening Medical Device Industry
On 8th November, 2024, the Union government launched the Scheme for Strengthening the Medical Device Industry.
Key Objectives
- Boost domestic manufacturing of key medical device components, raw materials, and accessories.
- Establish common and testing facilities to enhance manufacturing quality.
- Support clinical studies to improve the safety, efficacy, and marketability of medical devices.
5 Key Components
- Common Facilities for Medical Devices Clusters: Will provide financial assistance to create shared infrastructure like R&D labs, testing centers, and animal labs within medical device clusters.
- Marginal Investment Scheme: Will offer financial support to manufacturers of key components and raw materials, reducing India’s dependence on ....
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