Electronic medical equipment makers ask for govt support

Industry association seeks support to the Indian medical electronics equipment sector to witness a revolution on the same lines as witnessed in telecom and IT

PTI | June 3, 2011



The Medical Electronics Forum (MEF) on Thursday said the government must provide support to the Indian medical electronics equipment sector for it to witness a revolution on the same lines as witnessed in telecom and IT.

"The sector could witness a growth like telecom sector with the active support of the government," FICCI Medical Electronics Forum Chairman A Vaidheesh told PTI.

Medical Electronics Forum (MEF) is a body of electronic medical devices manufacturers.

He said the government must consider sops, including tax benefits on local manufacturing, as nearly 70 per cent of medical electronic equipment used in India are imported while 30 per cent are from local manufacturing.

"Most of the high tech equipments comes from western countries and now even China is making inroads," he said.

Currently, the size of medical electronics equipment market, which includes imaging and patient monitoring systems and implants in India is estimated to be around USD 2.5 billion, growing 15 per cent annually.

Vaidheesh said the government should also create an environment for local R&D, increase in healthcare capacity, development of new healthcare models, duty exemption of critical and life saving equipment.

Besides, a fund for training on new technology and products should also be created, he said, while also calling for uniformity in the government purchase process.

Comments

 

Other News

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter