Scheme for Promotion of Medical Device Parks

Scheme for Promotion of Medical Device Parks

Part of: GS-Prelims ad GS-II: Issues relating to development and management of Social Sector/Services relating to Health

In News: In a bold move that would make India ‘Aatmanirbhar’, and recognizing the need for higher levels of investments for the creation of proper infrastructure in the sector, the Scheme for Promotion of Medical Device Parks has been notified with the following objectives:

• Easy access to standard testing and infrastructure facilities through creation of world class common infrastructure facilities for increased competitiveness will result into significant reduction of the cost of production of medical devices leading to better availability and affordability of medical devices in the domestic market.
• Reaping the benefits arising due to optimization of resources and economies of scale thereby creating a robust ecosystem for the medical device manufacturing in the country and also reducing the manufacturing cost significantly. 

News Source: PIB