Union Cabinet approves ‘National Medical Devices Policy 2023’

Union Cabinet approves ‘National Medical Devices Policy 2023’

Daily Current Affairs   /   Union Cabinet approves ‘National Medical Devices Policy 2023’

Change Language English Hindi

Category : National Published on: April 29 2023

Share on facebook
  • A Union Cabinet meeting chaired by Prime Minister Narendra Modi has approved the National Medical Devices Policy, 2023.
  • The policy is expected to help the medical devices sector grow from the present USD 11 billion to USD 50 billion in the next five years.
  • The policy is expected to provide the required support and directions to strengthen the medical devices industry into a competitive, self-reliant, resilient and innovative industry that caters to the healthcare needs of India and the world.
  • The policy aims to place the medical devices sector on an accelerated path of growth with a patient-centric approach to meet the evolving healthcare needs of patients.
  • The government has already initiated implementation of the PLI Scheme for medical devices and extended support for setting up of 4 medical device parks in Himachal Pradesh, Madhya Pradesh, Tamil Nadu and Uttar Pradesh.
  • Under the Production Linked Incentive (PLI) scheme for medical devices, till now, a total of 26 projects have been approved with a committed investment of Rs 1,206 crore and out of this, so far, an investment of Rs 714 crore has been achieved.
  • The Union Cabinet has also approved the establishment of 157 new nursing colleges at a cost of Rs 1,570 crore in co-location with existing medical colleges.
Recent Post's

  • NHB launched Gruh Sugam Portal on March 26, 2026 to provide easy online home loans to defence, paramilitary and government personnel without visiting banks.

    Read More....

  • The US Treasury announced new currency notes bearing President Donald Trump’s signature will be introduced from June 2026, the first time a sitting president’s signature appears on American money.

    Read More....

  • DPIIT signed an MoU with KRAFTON India to boost startups in online gaming, esports, digital entertainment and AI technologies through mentorship, hackathons and innovation challenges.

    Read More....

  • Former Google executive Matt Brittin was appointed as the new Director-General of BBC, effective from May 18, 2026.

    Read More....

  • The Rajasthan government launched the Industrial Park Promotion Policy 2026 to attract investment, create jobs and develop world-class industrial parks with green incentives.

    Read More....

  • Indian Railways approved ₹1,236 crore projects to expand optical fibre network and deploy indigenous Kavach train protection system for enhanced safety and communication.

    Read More....

  • Veteran Telugu actor Nandamuri Balakrishna received Lifetime Achievement Award at International Film Festival of Delhi (IFFD) 2026 for his five-decade contribution to cinema.

    Read More....

  • IIM Kozhikode entered the global top 100 in QS World University Rankings by Subject 2026 for the first time, highlighting India’s rising academic strength.

    Read More....

  • The Ministry of Road Transport and Highways launched PRISM-SG Portal to fast-track approvals and inspections for Road Over Bridges and steel girder fabrication.

    Read More....

  • Veteran Malayalam actor and director E.A. Rajendran passed away at the age of 71 in Kollam after prolonged illness.

    Read More....