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Business
NITI Aayog Unveils Plan to Accelerate India's Medical Device Sector
✍️ India Business Trade
🗓 18 Oct 2026, 07:48 AM
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NITI Aayog has announced a strategy aimed at boosting the domestic medical device industry, signalling a push for greater self-reliance and export growth.
The National Institution for Transforming India (NITI Aayog) today laid out a comprehensive plan to strengthen the medical device sector across the country.
The initiative seeks to streamline regulatory processes, enhance research and development, and create a conducive ecosystem for manufacturers.
By fostering innovation and reducing import dependence, the policy aims to position India as a global hub for medical technology.
Industry stakeholders have welcomed the move, noting that it could unlock new investment and export opportunities.
NITI Aayog will monitor progress through a dedicated task force and periodic reviews.
The initiative seeks to streamline regulatory processes, enhance research and development, and create a conducive ecosystem for manufacturers.
By fostering innovation and reducing import dependence, the policy aims to position India as a global hub for medical technology.
Industry stakeholders have welcomed the move, noting that it could unlock new investment and export opportunities.
NITI Aayog will monitor progress through a dedicated task force and periodic reviews.