The Union Cabinet, chaired by the Hon'ble Prime Minister Shri Narendra Modi, 26th April 2023 approved the National Medical Devices Policy, 2023.
Under this, four Medical Device Parks will be set up in Himachal Pradesh, Madhya Pradesh, Tamil Nadu and Uttar Pradesh.
Presently 26 projects worth Rs 1,206 crore have been approved under the scheme.
The National Medical Device Policy 2023 aims to ensure orderly growth of the medical device sector. This sector is expected to grow from $11 billion to $50 billion by 2030..
Source : PIB
