June 10, 2022

India eyes Japanese tech for medical devices

India is seeking to leverage its partnership with Japan to manufacture medical equipment as part of a five-year $42 billion investment and financing package agreed by prime ministers Fumio Kishida of Japan and Narendra Modi in March. Such equipment may include patients monitoring systems, cardiac catheters, dialysers, speciality needles, thermometers, glucometers and personal weighing scales. The matter was further discussed during Modi’s visit to Japan in May. India’s department of pharmaceuticals now plans to invite large Japanese MNCs to use India as a global manufacturing supply hub as part of their China-plus policy. The department has sought suggestions for investment from stakeholders such as the Indian Pharmaceutical Alliance (IPA), Indian Drugs Manufacturing Association (IDMA), Bulk Drug Manufacturers Association India (BDMAI), Association of Diagnostics Manufacturers of India (ADMI) and Association of Indian Manufacturers of Medical Devices (AiMED).