& bsp;P ime
Mi iste
Na e d a
Modi
o
Satu day
set
ambitious
global
ta gets
fo
I dia
busi esses,
calli g
fo
st o ge
ep ese tatio
of
pha maceutical
fi ms
o
the
wo ld
map.
Add essi g
the
atio
f om
the
Red
Fo t
o
the
80th
I depe de ce
Day,
PM
Modi
said
I dia& squo;s
eco omic
g owth
must
be
matched
by
the
eme ge ce
of
globally
competitive
compa ies
with
a
la ge
i te atio al
footp i t.
The
P ime
Mi iste
called
fo
I dia
pha maceutical
compa ies
to
e te
the
a ks
of
the
five
la gest
pha maceutical
compa ies
wo ldwide.
Also,
I dia
should
aim
to
have
50
compa ies
listed
i
the
Fo tu e
500
list,
PM
Modi
emphasised.
PM
Modi
ece tly
said
that
I dia& squo;s
pha ma
secto
is
movi g
up
f om
the
pha macy
of
the
wo ld
to
a
hub
of
i ovatio .
PM
Modi
highlighted
I dia’s
t a sitio
f om
a
global
supplie
of
affo dable
medici es
to
a
eme gi g
ce t e
of
pha maceutical
i ovatio .
The
P ime
Mi iste
said
that
I dia’s
pha ma
secto
is
steadily
movi g
up
the
value
chai ,
with
a
st o g
push
towa ds
esea ch
a d
developme t,
biologics,
biosimila s
a d
ext-ge e atio
the apies.
“F om
the
pha macy
of
the
wo ld
to
a
hub
of
i ovatio ,
I dia’s
pha ma
secto
is
movi g
up
the
value
chai ,& dquo;
PM
Modi
said
i
a
post
o
X.
“U de
the
p ese t
gove me t,
the
focus
has
bee
o
exte sive
R&D,
biologics,
biosimila s
a d
cutti g-edge
the apies,& dquo;
PM
Modi
explai ed.
Acco di g
to
PM
Modi,
domestic
ma ufactu i g,
educed
impo t
depe de ce
a d
gove me t
suppo t
a e
helpi g
the
cou t y
eme ge
as
a
t usted
global
med-tech
pa t e .
I dia
was
steadily
eme gi g
as
a
t usted
global
med-tech
pa t e
focused
o
affo dable
a d
accessible
healthca e.
Mo e
tha
50
high-e d
medical
devices
have
sta ted
bei g
ma ufactu ed
i
I dia
u de
the
PLI
scheme,
while
co ti ued
fo eig
i vestme t
eflects
g owi g
i vesto
co fide ce
i
the
secto .
I dia’s
med-tech
ma ket
is
cu e tly
valued
at
$15-16
billio
a d
is
g owi g
at
ea ly
12
pe
ce t
a ually.
The
secto
is
the
fou th-la gest
medical
tech ology
ma ket
i
Asia
a d
amo g
the
top
20
globally.
A
ece t
epo t
showed
that
the
domestic
medical
device
i dust y
is
expected
to
eme ge
as
a
global
powe house
with
a
p ojected
ma ket
size
of
$250
billio
by
2047.
& bsp;
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