TIL Desk/Business/Thiurvananthapuram/ Union Health Minister J P Nadda has urged public-funded institutions in the country to play a role in increasing manufacture of indigenous medical devices and equipment.
Inaugurating the second ‘Technology Conclave & Industry Meet’ at Sree Chitra Tirunal Institute for Medical Sciences & Technology here, he said many states were setting up Medtech Parks to encourage domestic entrepreneurs to start manufacturing medical devices and equipment.
However, the growth of medical device industry is hampered by lack of adequate testing support for regulatory compliance, limited availability of manpower, lack of adequate industrial R&D, high cost and inaccessibility of imported technology, he said.
“Public-funded institutions need to take up the role of catalyst and facilitator for increasing the share of indigenous manufacturing (of medical devices and equipment) from the current 25 per cent,” he said.
