India eyes Japanese medical device firms

To shirk the country’s dependence on US manufacturers, Indian government is trying to woo Japanese investment in India’s medical devices sector. One of the key trade rows involving India & US relates to the price curbs imposed on medical devices stemming from US. Recently, PD Vaghela, Secretary at the Department of Pharmaceuticals, Ministry of Chemicals and Fertilisers, held a high-level meeting with industry stakeholders and government officials to discuss the matter.

“Economic relations between India and Japan have vast potential for growth, given the similarities that exist between the two countries. Vision 2025 outlined by both countries aims to strengthen Indo-Japan relations by synergising business partnerships, facilitating investments and creating an empowering environment in India for Japanese investments. The meeting was held in view of that,” stated a senior government official.