Question: Although the Medical Devices Industry (MDI) has been growing in double digits but is predominantly import-driven with imports accounting for over __ of the domestic market.
(a) 65 Percent
(b) 85 Percent
(c) 45 Percent
(d) None of the Above
Answer: (a)
Related facts:
- 4th WHO Global Forum on Medical Devices was organized on 14th December 2018 at Andhra Pradesh Medtech Zone, in Vishakhapatnam.
- To give a fillip to the medical device sector, a National Medical Devices Promotion Council under the Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce & Industry is been proposed.
- Although the industry has been growing in double digits but is predominantly import-driven with imports accounting for over 65% of the domestic market.
Objectives:
- Medical devices industry (MDI) plays a critical role in the healthcare ecosystem and is indispensable to achieve the goal of health for all citizens of the country.
- The setting-up of the council will spur domestic manufacturing in this sector, attract investment and to promote exports in this fast growing sector.
- The council will be headed by Secretary, DIPP, and it will have representatives from health care industry and quality control institutions.
Links:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=186385
https://timesofindia.indiatimes.com/business/india-business/govt-to-set-up-national-medical-devices-promotion-council/articleshow/67092885.cms