MTaI to discuss on MedTech industry in India with global diplomats

New Delhi: Medical Technology Association of India (MTaI) is coming up with a day-long event to discuss the opportunities and challenges for the medtech industry in India where diplomats from countries like the United States, United Kingdom, France, Germany, Japan, Denmark, Netherlands, Sweden are to participate.

Speaking about the event, Pavan Choudary, Chairman, MTaI said, “The growing hospital capacity and the government of India’s emphasis on this sector is making India a favourite spot for the medtech Industry. Additionally, India also provides a China +1 alternative for global investors as it shares a similar market, political systems, and a history of peace with the West and Japan. We are excited to bring the industry captains and diplomats from various countries together under one roof to discuss opportunities that the medtech industry foresees in India.”

He further added, “Medical devices are different from other healthcare industries as they develop and grow based on a unique innovation and manufacturing ecosystem. Such a system comes into being with the help of global legacy technology companies and also helps indigenous entrepreneurs and physicians to create and bring to market, local medical technology. Therefore, we feel that domestic and international currents will together help carve out key policy recommendations and initiatives which will be instrumental in furthering the medtech industry in India. ”