The Indian government has launched a Rs 500 crore scheme to bolster the medical devices industry, focusing on manufacturing, skill development, clinical studies, and infrastructure. The initiative includes grants for common facilities, a marginal investment scheme to reduce import dependence, and support for clinical trials, aiming to enhance India's self-reliance and position in the global market. With a current market size of $14 billion, the sector is projected to grow to $30 billion by 2030, benefiting both industry growth and healthcare infrastructure.
