Medical devices industry has the potential to touch US$30bn mark in the next ten years if proper regulatory framework is provided to the sector, trade association AdvaMed said.
The Government of India is working on reviving the low cost drug store model Jan Aushadhi and plans are to source drugs from the small and medium pharma manufacturers for the proposed 3,000 stores.
Medical devices industry has the potential to touch US$30bn mark in the next ten years if proper regulatory framework is provided to the sector, trade association AdvaMed said.
The food ministry’s opposition of the Shanta Kumar committee’s suggestion is likely to rekindle the debate over subsidy burden. The committee, for reform of the Food Corporation of India, had recommended lowering of coverage under the food Act.
The Government of India is working on reviving the low cost drug store model Jan Aushadhi and plans are to source drugs from the small and medium pharma manufacturers for the proposed 3,000 stores.
Medical devices industry has the potential to touch US$30bn mark in the next ten years if proper regulatory framework is provided to the sector, trade association AdvaMed said.
The food ministry’s opposition of the Shanta Kumar committee’s suggestion is likely to rekindle the debate over subsidy burden. The committee, for reform of the Food Corporation of India, had recommended lowering of coverage under the food Act.
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