SPACE – ISRO & MSME
- India’s space programme stands out as one of the most cost-effective in the world.
- 33 countries and three multinational bodies have formal co-operative arrangements in place with the Indian Space Research Organisation (ISRO).
- 30 spacecraft in differing orbital paths.
Indian Drugs and Pharmaceuticals Limited (IDPL), Gurgaon modernized for mass production
of drugs for diabetes, oncology, nephrology and cardiology. 1143 Jan Aushadi stores
are operationalizedCoronary Stents price reduced by 85% Pharma Data Bank’ launched
to facilitate online filing of mandatory returns Pharma Jan Samadhan & Pharma Sahi Daam
launched 11 National Institutes of Pharmaceutical Education & Research
Make in India Aviation
The industry has steadily grown and witnessed a surge from USD 2.02 billion in 2009 to USD 3.9 billion in 2015 at a Compound Annual Growth Rate (CAGR) of 15.8%. As per industry Instruments (surgical and non-surgical) form the largest segment (53% of the Indian medical device industry), constituting about USD 2.7 Billion (2017), while the estimated market size of the consumer and durable segment is USD 1404 million.
Medical Device Clusters
There are a range of Medical Device Clusters that have emerged due to supportive state-level policies as well as the availability of skilled labour. There are a few Medical Device Parks planned across India, including Andhra Pradesh MedTech Zone Limited (AMTZ), a park in Sultanpur village (Telangana) and HLL Lifecare Mediparks in Tamil Nadu, Maharashtra and Gujarat.