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Mahesh

20/03/22 18:06 PM IST

The Draft National Policy for the Medical Devices, 2022

In News 
Recently, the Department of Pharmaceuticals (DoP), Ministry of Chemicals and Fertilizers released an Approach Paper for the Draft National Policy for the Medical Devices, 2022.

Provisions of the bill 

  • Building Competitiveness through fiscal and financial support for stimulating the development of the local manufacturing ecosystem with private sector investments.
  • Incentivise core technology projects and exports through tax refunds and rebates.
  • Adopt Public-private partnerships to reduce the cost of healthcare and drive efficiency.
  • Create a single-window clearance system for licensing medical devices.
  • Identify critical suppliers and promote local sourcing.
  • Encourage cross-industry collaboration.
  • Increase the share of medical technology companies in research and development to around 50%.
  • A dedicated fund for encouraging joint research involving existing industry players, reputed academic institutions and startups.
Source-PIB 

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