India Pharma and India Medical Device 2023 places India as leading international healthcare hub

Federation of Indian Chambers of Commerce and Industry (FICCI) today successfully concluded 8th international conference on Indian pharmaceuticals and medical devices sector. conference, which was inaugurated by Union Minister of Health & Family Welfare and Chemicals & Fertilizers Dr Mansukh Mandaviya along with Minister of State for Chemicals & Fertilisers Mr. Bhagwanth Khuba, was aimed to attract international collaboration and investments in India pharma and medical devices sector.

two-day conference witnessed launch of National Medical Device Policy along with launch of Medical Devices Export Promotion Council, Assistance to Medical Device clusters for common facility scheme, and release of reports on Pharmaceuticals and Medical Devices sector commissioned by Department of Pharmaceuticals under PMPDS scheme.

conference featured a variety of informative sessions, workshops and CEOs roundtable spre over two days. me for conference on day one was Sustainable Medtech 5.0 : Scaling and Innovating Indian MedTech on which three sessions were conducted on Practical Commercialization Strategies for MedTech: Pilot scale to Production scale. session was chaired by Mr. Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Tre where key takeaway was Scaling manufacturing for commercial requirements and ensuring regulatory compliance of medical devices and strategies for securing funding for product development and manufacturing in medical device sector. Anor session was on Propelling Innovation and R&D Growth: Efficient Quality Management in MedTech which was chaired by Dr N Yuvaraj, Joint Secretary, Department of Pharmaceuticals. key takeaway for session was analysis of National Medical Device Policy and proposed R&D policy, understanding gaps in current R&D ecosystem in MedTech industry, and implementation of research outcome-linked fiscal incentives to support innovation in India and globally among ors. third session of day one was based on Capacity & Skill building in MedTech: Industry-Acemia Integration and was chaired by Mr. K Sanjay Murthy, Secretary, Department of Higher Education, Ministry of Education, Government of India where key takeaway was importance of mapping gaps in workforce and developing a future-rey workforce in medical device sector.

me for second day session was on Indian Pharma Industry: Delivering value through Innovation under which three sessions were taken place. first topic for session was Pharmaceutical industry as pillar of India's growth and quality as key foundation growth driver which was chaired by: Shri Rajesh Bhushan, Secretary, Ministry of Health and Family welfare, GoI which discussed role of Indian Pharma industry in driving India's economic growth and What kind of Innovations, quality, and global reach India should focus to contribute globally – more from value perspectives n volume. Anor session on Digital transformation shaping pharmaceutical Industry valuechain was chaired by Mr. S Gopalakrishnan, Special secretary, (Health) Ministry of Health and Family Welfare, GoI where Key discussion points were Digital Transformation in Pharma Industry look like?, opportunities and challenges related to digitalisation process: to put a spotlight on what digital transformation means for pharmaceutical Industry among ors. second day event concluded with discussion on Leapfrogging into future of Indian pharma: Capitalizing on global biosimilar opportunity and was chaired by Dr. Y.K. Gupta, Chairman, AIIMS Bhopal and AIIMS Jammu, GoI with key discussion points of measures to compete with or developed countries in terms of regulatory aspects and export of biosimilars and or related subjects.

About Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of India: Department of Pharmaceuticals was created on 1st July 2008 to be a focused Department of Government of India for fostering growth of Indian Pharmaceutical Industry. Department has been assigned several functions including inter-alia promotion of Research, Education and Training, Public Private Partnership, International Cooperation, Inter-Sectoral cooperation, Industrial Cooperation, Environment and Hazard Management and Pricing and Availability of Medicines. Department of Pharmaceuticals discharges its functions through active consultations with stakeholders to formulate new schemes/ proposals/ strategies for promoting growth of Pharmaceutical Industry.