(Image source from: FDI in Medical devices sector is 100% now})

Government approved 100% FDI in Medical Devices Sector under automatic route to encourage Foreign investment in Medical equipments and devices. Manufacturing of equipments also include diagnostic kits, medical appliances and other apparatus. India is excelling in Pharmaceutical industry but not taking sincere steps to establish industries related to Medical equipments.

As per the new decision by the Cabinet, the foreign investors need not to take permission from Foreign Investment Promotion Board (FIPB) in both the green field and brown field project investments.

Earlier FDI up to 100 percent was in effective for this sector but subjected to certain conditions. The condition of ‘Non-Compete Clause’ will not be applicable to Greenfield (new project) and also to Brownfield (existing units) investments.

India is having potential scientists and engineers to work in the Medical devices industries. Due to domestic capital shortage and unwillingness in this sector by corporate groups they are confining to some other manufacturing industries. Foreign investment make our human resources shine in this sector and also help to bring down the prices for medical equipments, instruments, and all relevant infrastructural appliances.

AW: Kannamsai