Regulatory, supply chain challenges affecting growth of medtech sector

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Regulatory, supply chain challenges affecting growth of medtech sector - Business Standard

Quick Summary:

The government’s initiatives like the Production Linked Incentive (PLI) scheme and the establishment of medical device parks have been designed to support the growth of the medtech sector.

As the industry continues to grow and evolve, there is a strong possibility that India will establish itself as a key player in the global medtech landscape.

Such measures are expected to bolster domestic manufacturing capabilities and help medtech companies scale faster.