Are We Truly Advancing Towards 'Make in India and for the World'?
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Synopsis
In a significant push towards self-reliance, India aims to become a global manufacturing hub. Under the guidance of PM Modi, the initiative is transforming the medical equipment landscape, with local production rising from 10% to 30% in five years. Explore how this vision impacts healthcare and India's standing in the global market.
Key Takeaways
- India's medical equipment production increased to 30%.
- Advanced product production reached 20%.
- Over 100 companies participated in the MedTech Expo.
- International firms are interested in Indian quality products.
- India is exporting advanced medical devices.
New Delhi, Sep 6 (NationPress) Under the vision of Prime Minister Narendra Modi's 'Atmanirbhar Bharat', we are swiftly progressing towards the goal of 'make in India and for the world', stated Amit Agarwal, the Secretary of the Department of Pharmaceuticals in the Ministry of Chemicals and Fertilisers, on Saturday.
While speaking with IANS during the three-day 'India MedTech Expo 2025', Agarwal noted that previously, India produced merely 10 percent of its medical equipment; now, that number has surged to 30 percent in just the last five years.
“During the Covid-19 pandemic, the nation initiated numerous policy reforms under the 'Atmanirbhar Bharat' initiative. Initially, only 10 percent of the nation’s medical requirements were manufactured domestically, but it has now escalated to approximately 30 percent,” Agarwal explained.
Production of premium products has also advanced to 20 percent, he mentioned.
This marks the second iteration of the MedTech Expo, where over 100 companies from 30 countries conducted more than 1,000 business meetings.
The Secretary highlighted that international firms are not only interested in class A and B products but are also keen on class C, which includes technically advanced products.
He noted that numerous companies are also looking to export products, citing quality and affordability as key factors.
“We are exporting sophisticated devices such as MRI, dialysis, and dialyser machines, and have garnered significant interest from foreign firms during this session,” Agarwal emphasized.
We produce quality and affordable products for the international market at a rate that is 10-40 percent lower than competitors, he added.
During the inaugural session of the India Medtech Expo 2025 and the 11th International Exhibition on Pharma and Healthcare, Union Minister Piyush Goyal remarked that the GST reform was a pivotal step towards achieving 'Atmanirbhar Bharat'.
“We are advancing towards creating a self-reliant India that is committed to the welfare of 140 crore citizens. The GST reform will align with our collective ambition to make India a developed nation by 2047,” the minister stated.
The country is set to evolve into a prosperous and developed nation where opportunities are available for all, fostering a narrative of inclusive and sustainable growth, he added.
Point of View
It is evident that India's strides towards self-reliance are not merely rhetoric but are being realized through substantial policy reforms and increased production capabilities. The commitment to enhance local manufacturing while ensuring quality and affordability positions India favorably in the global market, aligning with the aspirations of our 140 crore citizens.
NationPress
06/09/2025
Frequently Asked Questions
What is the goal of the 'Atmanirbhar Bharat' initiative?
The 'Atmanirbhar Bharat' initiative aims to make India self-reliant in various sectors, particularly in manufacturing, to reduce dependency on imports and boost local production.
How much medical equipment is currently produced in India?
As of now, India produces approximately 30% of its medical equipment, a significant increase from just 10% five years ago.
What types of medical devices are being exported?
India is exporting advanced medical devices including MRI machines, dialysis units, and dialyser machines, attracting interest from foreign companies.
What role does the GST reform play in this vision?
The GST reform is seen as a critical step in facilitating a self-reliant India, uniting efforts to enhance domestic manufacturing and improve economic conditions.
What is the significance of the India MedTech Expo?
The India MedTech Expo serves as a platform for networking and business meetings, showcasing India's advancements in medical technology and attracting international interest.
