Invest India, APACMed Join Forces to Accelerate MedTech Investment & Innovation in India

The partnership aims to strengthen domestic manufacturing, increase local value addition, improve the ease of doing business, and integrate Indian manufacturers more closely into global MedTech value chains.

Invest India, National Investment Promotion and Facilitation Agency of the Government of India, and Asia Pacific Medical Technology Association (APACMed) have signed a Memorandum of Understanding (MoU) to strengthen India's medical technology ecosystem by encouraging investment, innovation, manufacturing, and digital health collaboration.

The partnership has also brought together government officials and global MedTech leaders to discuss the next phase of growth for India's rapidly expanding medical devices sector.

Nivruti Rai, Managing Director and CEO, Invest India, said, "India's MedTech capability is recognised globally now. A device that works here works anywhere, because it has been tested against a diverse population. Invest India will work with companies, not around them."

Arjun Sarker, Chief Executive Officer, APACMed, described the agreement as "a shared commitment to advancing India's MedTech ecosystem through stronger industry and government collaboration."

The partnership aims to strengthen domestic manufacturing, increase local value addition, improve the ease of doing business, and integrate Indian manufacturers more closely into global MedTech value chains.

Manoj Joshi, Secretary, Department of Pharmaceuticals, said, "Our vision is to strengthen domestic value addition, particularly in high-end medical devices and imaging equipment, by developing a strong component manufacturing ecosystem and increasing domestic value addition from the current level of around 25% to 40-45%.

“Through sustained collaboration between Government and industry, we aim to build a resilient, innovation-driven and globally competitive MedTech ecosystem that contributes to the vision of Viksit Bharat @2047," he added.

The partnership is expected to encourage greater engagement with APACMed member companies while supporting investments and business expansion in India.

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