India is largely an importer of medical devices, with domestic industry accounting for about 2 per cent of the global industry which stands at USD 250 billion, as per the estimates.
The government has approved setting up four medical device parks with a view to support Make in India initiative and provide world-class treatment at affordable prices. The parks will be set up in Andhra Pradesh, Telangana, Tamil Nadu and Kerala, sources said, adding that Uttarakhand and Gujarat have also approached the Centre for such parks.
These parks will provide necessary infrastructure, where companies can easily plug and play, sources ...
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