new initiative, dubbed the “Assistance to Medical Device Clusters for Common Facilities" scheme, aimed at fortifying the medical device sector
scheme plans the establishment of additional quality testing labs, the development of shared infrastructure facilities, and the provision of financial aid to manufacturers
plan is set to roll out in the next fiscal year, running from 2023-24 through to 2026-27
ndian medical device industry is currently the 4th largest Asian medical devices market after Japan, China and South Korea
estimated at $11 billion and has the potential to reach $50 billion by 2030
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