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Home > All news > Export, Export Import, Trade > Exports of India’s med-tech industry could reach USD 20 bn by 2030; sector needs govt support: CII

Exports of India’s med-tech industry could reach USD 20 bn by 2030; sector needs govt support: CII

November 30, 2024
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New Delhi - India’s medical technology industry is expected to touch exports of up to USD 20 billion by 2030 but the sector needs more government incentives and further ease of doing business to accelerate overseas shipments, industry body CII said on Friday.

The production linked incentive (PLI) scheme for the medical technology sector currently available for select medical devices needs to be extended across products, while export incentives to ‘reimburse hidden costs’ need to be provided to manufacturers, CII Chairman National Medical Technology Forum Himanshu Baid told reporters here.

“Today, we are . . .

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