Harmonizing Indian regulations & standards with global best practices will be keystone to propel India’s MedTech sector

Several strategic discussions also took place aiming to promote India as an attractive destination for investments from global as well as domestic players

0
50
New Delhi: The Medical Technology Association of India (MTaI) hosted a high–level meeting with international delegates, government stakeholders, and MedTech industry captains in New Delhi on December 08, 2023.
The event was graced by Aseem Sahu, Deputy Drugs Controller, CDSCO, and Abby Pratt, Senior Vice President, Advanced Medical Technology Association (AdvaMed).
The discussion revolved around opportunities and current challenges within the MedTech
domain including tariff and non-tariff barriers, friend-shoring opportunities, and
streamlining of the regulations. Several strategic discussions also took place aiming to
promote India as an attractive destination for investments from global as well as
domestic players.
During the event, the Deputy Drugs Controller stated that quality and
patient safety are at the centre of any policy or related decisions that the government
makes and is already working towards global harmonization of standards, capacity
building, and promoting innovation in MedTech space.
Speaking at the event, Pavan Choudary, Chairman, MTaI stated, “As we navigate
the evolving landscape of MedTech in India, harmonizing Indian regulations and
standards with global best practices will be the keystone which will not only attract
international investment in the sector but will also enable Indian manufacturers to get
greater acceptability of their products in global markets, furthering the Make in India
objective of the government and keeping India aligned to global supply chains. We feel
that domestic and international currents will together help carve out key policy
recommendations which will be instrumental in furthering the MedTech industry in India.
I really would like to thank our Prime Minister for his focus towards this intricate
sector, through which today this industry is making huge strides and getting the
recognition which was long due.”
“I would also like to thank CDSCO, AdvaMed, our member CEOs, GAs & RAs colleagues
for their vital contribution in taking this dialogue further”, Mr. Choudary added.
Adding to Choudary’s views, Ms. Abby Pratt, Senior Vice President, AdvaMed
stated, “I want to thank MTaI for the opportunity to participate in their fraternity
meeting and for advancing the medical device industry’s agenda forward with the
relevant government stakeholders. I really appreciate for this vital dialogue on the
importance of harmonized regulations and global consensus standards. It is also
reassuring to see the inclusive approach of the government to consult with industry on
policy matters and regulations and offering association’s cooperation to the government.
The government-industry discourse underscores India’s intent and its potential to
emerge as a key player in the global MedTech arena. The commitment seen in these
discussions demonstrate India’s vision towards creating a conducive ecosystem for
medical technology.”