Make in India is doing the rounds all over and the government of India is keen on this campaign as it approves 100% FDI for medical devices. India is currently importing 70% of the medical devices. This move from the government will now attract more investments and domestic manufacturing.  Before this announcement, medical device FDI was regulated with the same norms as pharmaceuticals in India.

With this announcement, RBI recognizes medical devices as a separate sector from pharmaceuticals. In the pharmaceutical industry, only greenfield projects can have 100% FDI through the automatic route while brownfield projects have to be cleared by FIPB (Foreign Investment Promotion Board). The recent guidelines by RBI allows all medical device projects to be approved via the automatic route.

Under the new guidelines; spinal needles, cochlear implants, annuloplasty rings, trachestomy tubes, syringes and needle, dental implants, surgical sealants, heart valves, cardiac stents, orthopedic implants, endotracheal tubes, and catheters, among others, comes under the 100% FDI automatic route. (Registration of Medical Devices in India)

The Association of Indian Medical Device Industry after welcoming the decision wants the government to make sure that FDI is used not for trading but for local manufacturing. The founder and managing director of Trivitron Healthcare, G.S.K. Velu told: “The decision of 100% FDI is most welcome but these investments should be inspected closely that they are used to reduce the imports actually and encourage local manufacturing”.


Other News

Indian Govt Notifies New Norms to Regulate Medical Devices

On February 2, 2017 The Ministry of Health and Family Welfare has announced Medical Devices Rules, 2017 that separates regulatory norms for manufacturing medical devices from drugs. The rules will come into effect from January […]

Read More

Maharashtra FDA Asks Blood Banks to Submit License Renewal Applications

Maharashtra Food and Drug Administration (FDA) has directed all 306 blood banks in the state to submit applications of renewal of licenses by 31st December 2016 to carry out timely inspections and approvals. There are […]

Read More

Indian Syringe and Needle Market 2015-2020

Indian syringes and needles market is expected to grow at a CAGR of 15% by 2020. This growth is mainly because of India’s large pool of patients, increase in healthcare expenditure, increase in healthcare awareness […]

Read More

FSSAI Drafts Safety Regulations for Nutraceuticals & Food Supplements

The Ministry of Health’s Food Safety Standards Authority of India has come out with quality and safety standards to regulate the standards and quality of health supplements, nutraceuticals, food (special dietary care, medicinal purpose, functional […]

Read More

FSSAI Proposes New Rules for Health Supplement misabelling

On Monday, Indian food safety watchdog the Food Safety and Standards Authority of India (FSSAI) announced that health supplements cannot be sold as medicines at all and also fixed the permissible limits of various ingredients […]

Read More

More Than Half of Women Plan to Buy Natural Beauty Products

Now a new survey shows that, natural products continue to remain top of mind for many women when it comes to the personal care beauty products. The second annual Green Beauty Barometer survey questioned more […]

Read More

Korean Entrepreneurs to Venture into Indian Cosmetics Market

The United States remains the biggest market for Korean cosmetic products and nowadays Korean investors are venturing into Indian cosmetic market. The Korea Trade Investment Promotion Agency (KOTRA) launched at least 10 Korean cosmetics brands […]

Read More

Meet Us at The Medical Device Regulatory Summit in Mumbai

The first Medical Device Regulatory Summit in India is being held at Holiday Inn Mumbai International Airport on 29 November 2016. Morulaa HealthTech is pleased to partner at this event. Medical Device Regulatory Summit 2016, […]

Read More