New Delhi, June 29 (IANS) The Department of Pharmaceuticals has invited applications under the Scheme for Strengthening of Medical Device Industry (SMDI) to promote domestic manufacturing, reduce import dependence, support innovation and increase the depth of value chains in the medical devices sector, an official statement said on Monday.The statement from the Ministry of Chemicals and Fertilizers said applications are open under two sub‑schemes — the Marginal Investment Scheme for Reducing …
Latest Medical Device Industry News & Updates
New Delhi, Jan 4 (IANS) The Centre has invited proposals under two marginal investment sub-schemes to reduce India’s heavy dependence on imported medical devices and support clinical studies in the medtech sector, more than a year after the schemes were first announced.India currently imports nearly 70 per cent of its medical device requirements. To address this gap, the Department of Pharmaceuticals launched a Rs 500 crore support package in November 2024 to strengthen domestic manufacturing …
Gandhinagar, Dec 26 (IANS) In a push to the state’s fast-growing healthcare manufacturing sector, the Gujarat Industrial Development Corporation (GIDC) has announced an ambitious plan to develop a sector-specific Medical Device Park at Nagalpar in Rajkot district. The project aims to create a fully integrated ecosystem for the medical device industry, supporting research, manufacturing, quality testing and global exports under one roof.The upcoming Vibrant Gujarat Regional Conference (VGRC) in R…