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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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www.mmindia.co.in                                                                                    | 13March-April 2021
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