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Economy News

The Economic Times

Economy / The Economic Times

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Govt eyes fast-tracking local production of high-end medical devices

India is planning to boost local manufacturing of around 10 high-value medical devices, including MRI systems and pacemakers, to curb reliance on expensive imports. Industry consultations with the government are underway to identify key product categories for accelerated development. This initiative aims to address a significant rise in medical device imports, with potential policy support including tariff reviews and subsidies.

24 Jun 2026 1:12 am