“Empowering ‘Make in India’ for Global Impact: Insights from a Leading Government Official” – Lokmat Times

In New Delhi, Amit Agarwal, Secretary of the Department of Pharmaceuticals, shared exciting updates about India’s medical equipment production. Under Prime Minister Narendra Modi’s ‘Atmanirbhar Bharat’ vision, the country aims to boost local manufacturing for both Indian and global markets.

Agarwal noted that India’s medical equipment manufacturing has grown significantly. Just a few years ago, we made only 10% of what we needed domestically. Now, that number has jumped to 30%. During the COVID-19 pandemic, the nation realized how crucial it was to produce more at home, which led to these improvements.

He also mentioned that the production of high-end medical devices has reached about 20%. This year’s India MedTech Expo, the second of its kind, saw over 100 companies from 30 countries engage in more than 1,000 business meetings. This highlights the growing interest in Indian-made products, particularly more advanced technologies.

According to Agarwal, foreign companies are now interested not only in basic items but also in technically advanced products. Many firms see the potential for exporting high-quality, affordable devices like MRI machines and dialysis equipment. He mentioned that these products are typically priced 10-40% lower than similar international offerings.

Union Minister Piyush Goyal also spoke at the Expo, emphasizing the importance of GST reforms in supporting the push for a self-reliant India. He believes that these efforts will help the country become a developed nation by 2047, offering growth opportunities for all citizens.

Historically, India’s healthcare sector faced significant challenges, often relying heavily on imports. The changes over the past few years signal a shift towards self-sufficiency. A report from the Indian Brand Equity Foundation states that the Indian healthcare market is projected to reach $372 billion by 2022, showing the increasing demand and potential for domestic products.

This shift is resonating on social media, with many users applauding the government’s efforts to bolster local manufacturing while maintaining quality. Hashtags like #Atmanirbhar Bharat have gained traction as discussions around local production grow in popularity.

In summary, India is on a promising path to becoming a hub for medical equipment production. With continued focus and investment, the goal of making quality products for the world seems within reach.

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