NITI Aayog readying to Make in India fillip for domestic Medical Devices by drawing up a list of devices which have most potential for export
New Delhi: To eliminate bottlenecks in domestic medical devices businesses, government think-tank NITI Aayog is drawing up a list of devices which have most potential for export.
A tentative list of 10 such device-categories has been drawn up, officials said.
Also read: Effective date for medical devices extended
Devices under the NITI Aayog scanner for providing priority subsidy or funding are cardiac stents, orthopaedic implants, surgical blades, catheters, X-Ray machines, syringes and needles, blood bags, CT Scan and MRI Machines as well as sutures.
“This list is being drawn up so that their domestic manufacturing can be prioritised.
However, more devices are slated to be added in follow-up meetings. This is a preliminary list,” an official, who was present at a meeting called by NITI Aayog told.
The meeting was chaired by VK Saraswat, Member, Science and Technology, NITI Aayog, who said that the government was looking at a single window framework for accelerating standardisation, body certification, declaring the device safe and so on.
“Currently there are too many departments involved in giving approvals, and thus they get delayed. We want to hasten this process,” Saraswat said.
Sources said that the government is contemplating reimbursement to the company if the registration registration takes place in foreign countries.
“Reimbursement of costs incurred while conducting clinical trials, as well as that for conducting Research and Development, patent filing charges will also be looked into,” said the source.
The government is looking at incentives like subsidies and preference, so that the exports of Indian products receives a fillip.”
Himanshu Baid, Chairman, CII Medical Technology Division said that all countries provide incentives to their domestic manufacturers for boosting their business.
“Our biggest competitor is China, and largely their industry is thriving on domestic production (up to 95 per cent), India needs to give it’s domestic industry,” he said.