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    MSME to set up low-cost medical devices manufacturing parks in India: Nitin Gadkari

    Farhat NasimWritten by Farhat Nasim Published On 2020-01-11T09:40:00+05:30  |  Updated On 11 Jan 2020 9:40 AM IST

    Union Ministry of Micro, Small and Medium Enterprises (MSME) minister Nitin Gadkari also informed about a project being carried out under the Defence Research and Development Organisation (DRDO) to manufacture 'Cochlear implant' equipment.


    New Delhi: Union MSME minister Nitin Gadkari on Thursday said his department plans to set up five parks to manufacture low-cost medical devices in the country.


    He also informed about a project being carried out under the Defence Research and Development Organisation (DRDO) to manufacture 'Cochlear implant' equipment.


    The equipment will be available at 50 per cent of its cost to people soon, Gadkari said at the annual conference of the Association Otolaryngologists of India here.


    Also Read: Medical Devices Sector: CII seeks Government to bring trade margin rationalisation


    His Micro, Small & Medium Enterprises (MSME) ministry is working on manufacturing low-cost medical devices in the country itself so that poor people could benefit out of it.


    The ministry will be setting up five parks to manufacture medical devices in India, out of which one has already started in Vishakhapatanam, Gadkari said.


    "Similarly, MRI machine, which used to cost Rs 6.50 crore a piece is now available for Rs 58 lakh after we started manufacturing it," he said.


    In 2019, the country had imported medical devices worth Rs 38,837.28 crore.


    Also Read: National Medical Devices Promotion Council to fuel growth of a domestic industry: CII

    Association OtolaryngologistsCochlear implantDefence Research and Development OrganisationDRDOequipmentMedical DevicesMSMENitin Gadkariunion ministry
    Source : PTI

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    Farhat Nasim
    Farhat Nasim

      Farhat Nasim joined Medical Dialogue an Editor for the Business Section in 2017. She Covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She is a graduate of St.Xavier’s College Ranchi. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751 To know about our editorial team click here

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