India decided to follow the advanced policy changes and these policies and designed to introduce lot of new factors in the medical device industry and it will be based on hundred percentages of the FDI (foreign direct investment).
At present India realizes the potential and now it decided to develop the growth of the medical device production hub. The recent industry association studies also suggested these factors.
The government also decides to implement soft loans as well as the specific tax incentives to ensure the comfort level of the manufacturing plants. It is the major factors to shine with other competing destinations like Malaysia. India has planned about the inverted duty structure, it help to make indigenous manufacturing as more beautiful as well as attractive.BCG (Boston Consulting Group) and CII (Confederation of Indian Industry) also publishes all the reports in the titled Medical Technology.
Despite also allowing the 100 percent FDI it will be made in the medical device sector, and this sector also takes responsibilities per 0.5 percentages inflow of FDI. These policies also stated by Sudhanshu Pandey he is the joint secretary in ministry of commerce. In addition he also noted exactly 0.5 percent is a dismal performance, day to day the policy is also getting lot of changes and it will be allowed to change FDI liberalization both in ( Greenfield ) manufacturing as well as brownfield (acquisitions) segments.
The ValueWalk report also shows the details about the segments and Goldman Sachs also announces the recent data it indicates the overall FDI pipeline, at the same time it shows that the FDI inflows increased in the year of 2014 and its range is about $41 billion, in this year the FDI inflows is also ranging from $26 billion.
The recent report also collected from the Beroe, Inc. This report states that, $693 million of FDI received by India between the year of 2000 and 2014. Pandey said that increasing FDI inflow also crucial aspects and it will be stated based on the TOI, and it is the main factor to meet the domestic demand.
The WHO also reports the process of the medtech industry’s potential, and the FDI also supports to reverse the ongoing trend. India also recognize about $50 billion potential in the year of 2025. Of course the CII report also recommends that, all authorities need to consider the important aspects to boost the medical technology industry within next twelve months. At the same time it provides a great platform to get the medical schemes it also derived as per the TOI.
It also shows that the medical industries also enhancing the capability to improve the growth of the manufacturing hubs. Based on the Make in India campaign, India is recently introduced one important policy and it has lot of changes. Moreover the foreign health care services also take further measurements to boost the local production. the Indian government also announced to create the plans about the nationwide safety at the same time it decided to conduct the surveillance program in may.