AIMED has welcomed the department of pharmaceuticals (DOP) initiatives to establish Medical Devices industry in India and make it manufacturing hub of the world like pharma but points out that government needs to move beyond discussions and quickly bring out the promised new policy for medical device sector while resolving other pending issues to unleash the true potential.
The Association has congratulated the government for coming out with this laudable initiative of DOP's in holding India's first ever Pharma and Medical device centric conference and exhibition and for reaching out to the industry with collaborative intentions.
At the same time, AIMED has pointed out that government needs to move beyond discussions and exhibitions to unleash the true potential of the sector.
During one hour brainstorming interaction with union minister of chemical and fertiliser Mr Ananth Kumar along with secretary, DoP and other joint secretaries from Ministry of Commerce, MoHFW etc with 16 CEO of Medical Devices Industry to drive manufacturing in India - AIMED raised six critical issues which needed immediate attention of the government to realize India's medical device manufacturing potential. AIMED has also given six key action points for the government to work upon. However, AIMED hs pointed out that the most urgent need of the hour was the unveiling of new policy for medical device sector.
"We eagerly await the release of a medical device policy whose draft government had released in June," point out Mr Rajiv Nath, Joint Coordinator, AIMED. "The six issues includes forward looking recommendations which will facilitate creation of vibrant eco-system for medical device manufacturing in the country and reduce humungous import dependency. At the same time, AIMED has pointed out that recommendations on their own were not good enough to ensure desired objective of making India a powerhouse in manufacturing of medical devices."
Mr Nath has also drawn attention to long standing and vexing issues such as withdrawal of concessional duty regime, ensuring equitable tariff regime between domestically produced goods and imports to ensure commercial and competitive viability of goods made in India.