Indigenous Manufacturing of Medical Devices and Toys
Indigenous Manufacturing of Medical Devices and Toys
The value of imports and exports of Medical Devices is given below:
(Values in USD million)
Imports
Exports
2020-21
2021-22
2022-23
2020-21
2021-22
2022-23
6242
8540
7492
2532
2923
3391
To encourage domestic manufacturing of high end medical devices to reduce imports dependence and to boost domestic manufacturing, Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers has taken several measures which are as under:
Further, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry is providing all round support for creating conducive manufacturing ecosystem for the Toys industry. Some of the measures include promoting Made in India toys; designing of toys based on Indian values, culture, and history; using toys as a learning resource; organizing hackathons and grand challenges for toy designing and manufacturing; monitoring quality of toys; restricting imports of sub-standard and unsafe toys and promoting indigenous toy clusters. As a result of the various measures taken by the Government, the manufacturing ecosystem Indian Toy industry has witnessed remarkable growth, leading to substantial decrease of 52% in overall import of toys from USD 332.55 million in FY 2014-15 to USD 158.66 million in FY 2022-23 and increase of 239% in the exports of toys from USD 96.17 million in FY 2014-15 to USD 325.72 million in FY 2022-23. Steps taken by the Government to further enhance exports of Made in India toys are:
Further to support the MSME sector, the Ministry of MSME is implementing various schemes for providing credit support for new enterprises creation, technology upgradation, skill development and infrastructure development throughout the country including Gujarat. Under the Scheme of Fund for Regeneration of Traditional Industries (SFURTI), 19 toy clusters have been approved benefitting 10969 artisans, which are as under:
S. No.
State
Number of Clusters
Total Number of Artisans
1
Tamil Nadu
1
460
2
Andhra Pradesh
1
231
3
Karnataka
2
830
4
Madhya Pradesh
9
6,218
5
Nagaland
1
270
6
Rajasthan
3
1,958
7
Uttar Pradesh
2
1,002
Grand Total
19
10969
This information was given by the Minister of State for Micro Small and Medium Enterprises, Shri Bhanu Pratap Singh Verma in a written reply to the Lok Sabha today.
- Production Linked Incentive (PLI) scheme for promoting domestic manufacturing of Medical Devices (PLI MD) with total financial outlay of Rs. 3,420 crore and tenure from FY 2020-21 to FY 2027-28. The financial incentive is given to selected companies at the rate of 5% on incremental sales of medical devices manufactured in India and covered under the four target segments of the scheme, for a period of five (5) years. The four target segments are – (I) Radiotherapy, (II) Imaging Devices, (III) Anaesthesia, Cardio-respiratory & Critical Care, (IV) Implants. 26 participants have been approved under the scheme, of which 11 are MSMEs.