India is ready to run cheap and innovative healthcare solutions with an increase in double digits in the Medical Technology sector, Union Pharmaceuticals Secretary Shri Amit Aggarwal said at the 17th CII Global Medtech Summit 2025 held in the capital.
Speaking at the early planery of the summit, “innovating for a healthy future-Putting Medtech for a healthy future: Make, Make for the World”, Shri. Amit Aggarwal underlined that India is ready to emerge as a center for high-appropriate health solutions, with India, the world’s largest population and a fast growing economy.
Highlighting the change of the region, he said that India has crossed the major milestone in domestic construction of advanced medical equipment – including MRI and CT scan machines, mammography units, ventilaters, stents, heart valves, dialysis machines, and transplant equipment – which were once considered impossible to produce locally.
Shri. Amit Aggarwal stressed that the Medtech industry should focus on the good of the patient by developing innovative products for both domestic and global markets. He said that the government’s policy intervention – including three upcoming medical equipment parks, constant infrastructure upgrades, and production for medical devices Linked Incentive (PLI) Scheme – is promoting India’s competitiveness and strengthening its innovation ecosystem.
The Secretary announced the launch of ₹ 5,000 crore of research and innovation in the Pharma Medtech Sector (PRIP) scheme soon, which will increase the cost competition for backward integration and investment aid, as well as cost competition, the price chain will be deepened, and create a strong ecosystem for innovation.
Shri. Amit Aggarwal said, “Countries around the world now see India not only as a market, but as a leader in healthcare innovation,”
The summit brought together policy makers, industry leaders, researchers and investors to chart the roadmap for the next phase of development in medical technology.
