New Delhi, Aug. 29 -- Refining the Production-Linked Incentive (PLI) scheme for greater participation of MSMEs, rationalising import duties on critical raw materials, developing a robust raw material ecosystem, attracting multinational manufacturing and R&D hubs, utilising MedTech parks for co-innovation labs, aligning regulatory frameworks with global standards-these are among the key recommendations of India's MedTech industry to help it emerge as a global manufacturing and innovation hub.
Others are fostering public-private partnerships, promoting Indian innovations globally, and establishing advanced training centres, as has been highlighted in the report titled Unlocking India's MedTech Manufacturing Potential, according to a statemen...