Healthcare News Articles

India’s Solar-Powered Tricycle Wins BRICS Award Andhra Pradesh MedTech Zone (AMTZ) has once again placed India on the global innovation map as its Solar Powered Tricycle wins the Outstanding Project Award at the BRICS Industrial Innovation Contest 2024. This breakthrough mobility solution, developed by the Assistive Technology Centre (ATC) at AMTZ, exemplifies a commitment to sustainable and inclusive healthcare technology. The award-winning Solar Powered Tricycle was officially launched by Union Minister...

India's Pharma Leaders Unite at National GMP Conference in AP MedTech Zone A national conference focusing on "Enhancing Pharmaceutical Quality Assurance through Good Manufacturing Practices (GMP)" brought together policymakers, industry leaders, and regulators at Andhra Pradesh MedTech Zone (AMTZ) today. Organized by the PHD Chamber of Commerce and Industry (PHDCCI) in collaboration with the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers and AMTZ, the event emphasized the critical role...

India Inc. Backs Ban on Import of Refurbished Medical Devices The import of pre-owned and refurbished medical devices into India will remain prohibited until a regulatory framework is established for such equipment, as clarified by senior officials of the Central Drugs Standard Control Organization (CDSCO) - India's national regulatory body for cosmetics, pharmaceuticals and medical devices. This announcement reinforces India’s stance on ensuring strict compliance with medical device regulations. CDSCO regulates...

AiMeD seeks monitoring of MRP of imported medical devices Monitoring of maximum retail price (MRP) of imported medical devices into India has been demanded by medical device manufacturers to provide truly affordable rates to the Indian consumers. In its Pre-budget memorandum to the Finance Ministry, Association of Indian Medical Device Industry (AiMeD) has highlighted that reduction of import duty on devices is an effort of the government that going in...

Freudenberg displays innovative solutions in CPhI & PMEC India 2024 Freudenberg, a worldwide technology business based in Germany, displayed innovative solutions from its firms, including Freudenberg Medical (FM), Freudenberg-NOK India (FNI), and Freudenberg Filtration Technologies at CPhI & PMEC India 2024 in Greater Noida. Commenting on the participation, G Sivasailam, Managing Director, Freudenberg Performance Materials, and Director and CEO of Freudenberg Regional Corporate Center India said: “Freudenberg’s longstanding commitment to innovation...

Siemens Innovation Day 2024 Showcases Tech for India’s Digital Transformation Siemens Limited held its "Transform - Innovation Day 2024" in Mumbai today, showcasing cutting-edge technologies designed to accelerate digital transformation across the manufacturing, infrastructure, and mobility sectors. The event highlighted advancements in Artificial Intelligence (AI) and Industrial Metaverse solutions, which promise to drive significant improvements in productivity, energy efficiency, operational performance, quality, and flexibility for businesses. A central feature of the...

ZEISS India expands its Global Capability Center in Bengaluru ZEISS, a globally leading player in optics and optoelectronics, has inaugurated its Global Capability Center (GCC) in India. Located in Bengaluru, the facility was inaugurated by Priyank Kharge, Karnataka’s Minister of Electronics, IT & BT (Information Technology and Biotechnology), Rural Development and Panchayat Raj. According to ZEISS, the GCC is a strategic hub that will tap into Bengaluru’s deep IT talent pool...

Medical Devices Industry Lauds Govt's Rs 500-Cr Boost Scheme The medical devices sector has expressed strong support for the government’s Rs 500 crore scheme aimed at advancing the industry, forecasting it will boost growth, reduce import dependency, and strengthen India’s role as a leading global exporter of medical devices. Unveiled by Union Minister of Health and Family Welfare Jagat Prakash Nadda, the scheme is a comprehensive 5-in-1 initiative focused on crucial...

MoEFCC’s Import Policy on Refurbished Devices Alarms MedTech Industry The PHD Chamber of Commerce and Industry (PHDCCI) and the Association of Indian Medical Devices (AiMed), in alliance with the Manufacturers of Imaging, Therapy and Radiology Devices Association (MITRA), the Association of Diagnostic Manufacturers of India (ADMI), and key stakeholders from the MedTech industry, held a press meet at PHD House to discuss serious concerns regarding recent Office Memorandums issued by...

Sahajanand Medical’s Supraflex Cruz gets TGA Australia approval SMT (Sahajanand Medical Technologies) announces that its flagship drug-eluting stent (DES), Supraflex Cruz, has received approval from the Therapeutic Goods Administration (TGA), Australia. The TGA is a part of the Australian Government Department of Health, and it’s a regulatory authority for therapeutic goods in Australia. The Supraflex Cruz DES is designed to treat patients suffering from coronary artery disease by delivering a combination...

“Medical Devices Exclusion from India-EU FTA Essential in National Interest” India needs a “tit-for-tat” policy to ensure that its manufacturers can compete on a level playing field, writes Rajiv Nath, Forum Coordinator, Association of Indian Medical Devices Industry (AiMeD). As India and the European Union (EU) engage in negotiations for a Free Trade Agreement (FTA), there is growing concern over the potential inclusion of medical devices in the final deal of...

SMT Wins CONSIP 2-Year Tender to Supply Hydra TAVI Devices to All Hospitals Sahajanand Medical Technologies Ltd. (SMT) has secured a significant achievement by winning the Italian national CONSIP tender, a 2-year contract to supply its Hydra Transcatheter Aortic Valve Implantation (TAVI) devices to all hospitals across Italy. This milestone is a crucial step in SMT’s ongoing efforts to improve patient care through advanced medical technologies. The Hydra TAVI, known for...

Healthium Medtech appoints Sudeep Dhariwal as Group CFO Healthium Medtech has announced the appointment of Sudeep Dhariwal, as their new Group Chief Financial Officer. Sudeep joins Healthium Medtech after a successful stint at Danaher - Cepheid, where he was the Vice President - Finance, for APAC. “As Healthium continues to expand their access to a fast growing Indian and diversified international market, Sudeep will be managing the entire gamut of finance,...

Union Budget 2024 | Reaction from Anish Bafna, CEO and MD, Healthium Medtech The Union Budget 2024-25 sets the foundation for our nation’s unrelenting pursuit towards Viksit Bharat 2047. The announced exemption of customs duties on the three additional cancer formulations is an industry-welcoming move towards patient centricity, easing the financial and socio-economic burden of the disease on patients. Additionally, the detailed changes in basic custom duties on medical equipment...

UNION BUDGET 2024 | AiMeD HAILS VISIONARY BUDGET FOR MEDICAL DEVICE SECTOR | BUDGET REACTIONS The Association of Indian Medical Device Industry (AiMeD) on Tuesday hailed the Union Budget-2024 presented by Finance Minister Nirmala Sitharaman in the Parliament today as visionary and progressive, with the potential to significantly boost the country’s overall economic growth. In a statement, AiMeD Forum Coordinator, Rajiv Nath said, “The Union Budget-2024 is visionary and progressive. It will...