New Delhi, August 8, 2026 (Yes Punjab News)
Prime Minister Narendra Modi on Saturday highlighted India’s growing self-reliant medical technology ecosystem, saying stronger domestic manufacturing, reduced import dependence and government support are helping the country emerge as a trusted global med-tech partner.
In a post on X, PM Modi shared an article by Union Health and Family Welfare Minister Jagat Prakash Nadda on India’s progress in building a domestic medical devices ecosystem.
“Union Health Minister JP Nadda highlights India’s growing self-reliant med-tech ecosystem, driven by domestic manufacturing, reduced import dependence and schemes such as PLI and Medical Device Parks,” Modi said.
The Prime Minister said India was steadily emerging as a trusted global med-tech partner with a focus on making healthcare affordable and accessible.
In his article, Nadda said the government was strengthening domestic medical device manufacturing through initiatives such as the Production Linked Incentive (PLI) scheme, Medical Device Parks and the Promotion of Research and Innovation in Pharma-MedTech (PRIP) scheme.
He said more than 50 high-end medical devices have started being manufactured in India under the PLI scheme, while continued foreign investment reflects growing confidence in the sector.
According to Nadda, reducing dependence on imported medical devices could strengthen supply chains, create cost efficiencies and improve access to advanced diagnostics, imaging systems, implants and intensive-care equipment.
He also highlighted the potential of emerging technologies, including artificial intelligence, software as a medical device, connected medical devices, robotics and remote diagnostics.
Nadda said India’s med-tech market is currently valued at $15-16 billion and is expanding at nearly 12 per cent annually.
“The sector is the fourth-largest medical technology market in Asia and among the top 20 globally,” he said.
The government is also focusing on strengthening regulatory frameworks, testing infrastructure and clinical evidence generation to enhance patient safety and bring Indian medical devices in line with international standards, Nadda said.
He added that a stronger medical devices sector could drive manufacturing, employment, exports and technological innovation while making healthcare more affordable, accessible and resilient.
Earlier this week, a report projected that India’s medical device industry could emerge as a global powerhouse, with the market potentially reaching $250 billion by 2047.
The report said India’s medical device sector, currently valued at around $14 billion, could expand to $30-50 billion within this decade and eventually reach $250 billion by 2047.
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