Budget 2025 Expectations Live: Innovation in medical technology essential for a self-reliant India

“Innovation in medical technology, especially homegrown solutions, is essential for a self-reliant India. As we pursue the vision of Atmanirbhar Bharat, it is vital to not only promote indigenous technology but also ensure it reaches the people it is intended to serve, particularly through initiatives like Ayushman Bharat. Government support for Indian innovation will help make medical technologies both affordable and accessible to the masses. One area requiring attention is the import duties on critical components for medical devices, as India currently relies heavily on foreign imports. The Government should undertake serious investments into developing and manufacturing these critical components in India, but, in the meantime, revisiting these duties and creating a favourable environment, we can strengthen domestic production, positioning India as a global leader in med-tech innovation. Institutions such as IITs and Medical Government colleges can play a pivotal role in leading the MedTech revolution in the country provided they are given a right platform and proper infrastructural support.

Additionally, government backing for emerging fields like Telesurgery and Teleproctoring is crucial. These technologies can revolutionize healthcare delivery in remote regions by enabling access to expert surgical care and medical education through digital platforms. With the right policies and investment, Telesurgery can be a game changer, allowing specialists to perform surgeries remotely in underserved areas, while Teleproctoring ensures the spread of vital knowledge and expertise across the country. Building the necessary infrastructure for these technologies will ensure that quality healthcare reaches even the most isolated communities.

We firmly believe in the government’s commitment to the “Make In India” vision. The future of healthcare in India depends on establishing homegrown technology as the cornerstone of progress, ensuring that world-class treatment is accessible to all,” says Sudhir Srivastava, Founder, Chairman, and CEO, SS Innovations.