Union Minister of Commerce & Industry Shri Piyush Goyal emphasized the need for India to strengthen its position as a trusted healthcare partner globally, build resilient supply chains, and invest in R&D during an event.
On September 23, 2023, Union Minister of Commerce & Industry Shri Piyush Goyal addressed participants at Bharat Health, a healthcare event aimed at promoting collaboration and cooperation within the sector. In his speech, he emphasized the importance of India building resilient global healthcare supply chains to compete with the best. Key facts:
1. Goyal stated that India has planned several similar initiatives in areas of its strength, with the pharmaceutical sector being one of the country's biggest strengths.
2. He called for a shift from assemblies towards domestic and indigenous production of components and the entire medical devices ecosystem, noting that there remains significant scope for growth in medical devices.
3. Goyal highlighted the importance of collaboration, stating it was important to bring the sector together on a single platform rather than having separate conferences for different segments.
Why it matters:
The healthcare sector is crucial to India's economic growth and global competitiveness. Strengthening its position as a trusted healthcare partner globally, building resilient supply chains, and investing in R&D can create millions of jobs, promote investments worth billions of dollars, and make India more resilient against future crises.
Source:
Press Information Bureau
