HM launches National Medical Device Policy 2023, read details

The minister released six comprehensive reports on pharmaceuticals and medical devices, showcasing the government's commitment to the industry's growth.

The Health Master

May 27, 2023

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Govt Pharma Cosmetic Medical Device Policy — Policy

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Last Updated on December 31, 2023 by The Health Master

National Medical Device Policy 2023

Download National Medical Device Policy 2023, the link is given below: Minister of Health and Family Welfare, Mansukh Mandaviya, unveiled the National Medical Device Policy 2023 during a prestigious conference on Indian pharmaceuticals and medical devices held in Delhi.

Download National Medical Device Policy 2023

The policy launch was accompanied by the introduction of the Export Promotion Council for Medical Devices and the Scheme for Assistance to Medical Devices Clusters for Common Facilities (AMD-CF).

Furthermore, the minister released six comprehensive reports on pharmaceuticals and medical devices, showcasing the government’s commitment to the industry’s growth.

National Medical Devices Policy 2023: Salient Features

Strengthening India’s Pharmaceutical Industry through Innovations and Quality Standards

Minister Mandaviya emphasized the significance of maintaining high-quality standards and innovation in India’s pharmaceutical sector.

He firmly stated that compromising the quality of medical products would harm the nation’s progress, competitiveness, and reputation, expressing his zero-tolerance approach towards such practices.

Collaborative Efforts to Elevate India’s Position in the Global Pharma Race

Acknowledging India’s reputation as the “Pharmacy of the World,” Minister Mandaviya highlighted the increased responsibilities faced by the nation.

Kallam Satish Reddy, Chairman of Dr Reddy’s Laboratories, echoed these sentiments, emphasizing the criticality of setting ambitious goals for India’s pharmaceutical and medical devices industry.

Reddy stressed that innovation at all levels, coupled with the government’s support, could propel India’s industry from its current $42 billion status to the target of $65 billion by 2024.

International Conference on India Pharma and India Medical Devices: Promoting Manufacturing and Innovation Excellence

The annual International Conference on India Pharma and India Medical Devices, co-hosted by the Department of Pharmaceuticals and the Federation of Indian Chambers of Commerce and Industry (FICCI), celebrated its 8th edition.

This two-day event focused on establishing India as a cost-effective hub for high-quality manufacturing and innovation in the pharmaceutical and medical device industry.

The first day of the conference centered around medical devices, while the second day, May 27, highlighted pharmaceuticals.

Dignitaries and Key Figures Driving the Industry’s Growth

The event witnessed the presence of esteemed dignitaries, senior government officials, and industry representatives.

Notable following attendees were present during the first day of the conference:

Union Minister of Health and Family Welfare and Chemicals and Fertilizers of India, Mansukh Mandaviya;
Union Minister of State for Chemicals and Fertilizers and New and Renewable Energy, Bhagawanth Khuba;
Secretary of the Department of Pharmaceuticals, S Aparna;
Joint Secretaries N. Yuvaraj (pharmaceuticals) and Srikar K Reddy (Commerce);
Principal Scientific Adviser to the Government of India, Ajay Kumar Sood;
FICCI Secretary General, Shailesh Pathak;
CEO of Transasia Bio-Medicals Ltd., Aravind Viswanathan;
Chairman of Dr Reddy’s Laboratories, Kallam Satish Reddy.

Future Engagement and Growth Prospects

Following the inaugural event, Minister Mandaviya participated in a CEO roundtable discussion.

Notably, he had recently engaged in bilateral meetings with member countries at the 76th World Health Assembly in Geneva, Switzerland, showcasing India’s active role in global healthcare discussions.

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