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precisely why foreign nationals Plans in place cal devices manufacturing will IMTMA is
travel to India to avail affordable India has been a major market increase. This, coupled with organizing
medical treatment. At the same for medical devices and this is the Government selectively IMTEX 2021
time, the demand in healthcare expected to increase with the enabling 100 percent FDI in in June
facilities is also creating new Central Government’s initia- medical devices manufacturing this year
opportunities. Technology, soft- tives like Ayushman Bharat, through automatic route, is ex- which will
ware development and design which aims to offer affordable pected to create opportunities be a grand
aptitudes are playing a larger healthcare services to all. Hav- for the Machine Tool industry. opportunity
role in taking manufacturing to ing realized the potential, the IMTMA is advocating its member for medical
the next level and creating de- Government has charted out a companies to seriously consider equipment
mand for machine tools. roadmap for endorsing medical developing machine tools which manufac-
High precision and accuracy of equipment manufacturing. It could support the growth of the turers to
equipment used for surgeries is laying out the red carpet for Medical Equipment industry acquaint
is vital for favorable results in investors by enacting new rules as it has been identified as one themselves
treatment and quicker recov- and regulatory processes for of the champion sectors. As we with the
ery rate of patients. India cur- ease of doing business, remov- scale up our efforts to strength- advance-
rently imports large volumes of ing trade barriers and offering en the MSMEs, numerous job ments in
medical instruments for critical new solutions. opportunities are likely to arise. machine
care, imaging and high-end sur- Medical device manufactur- IMTMA is organizing IMTEX tools for
geries. This equipment, when ing parks are being set up in 2021 in June this year which will the Medical
manufactured indigenously, Telangana, Andhra Pradesh, be a grand opportunity for med- industry.
carries distinct advantages, pri- Tamil Nadu, and Kerala under ical equipment manufacturers
marily the affordability in the the ‘Make in India’ initiative. to acquaint themselves with the
price-sensitive Indian market. As these parks become fully advancements in machine tools
functional, indigenous medi- for the Medical industry.
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