Date: 22/09/22

TODAY`s
NEWS ANALYSIS
BY : HIMANSHU YADAV
Government to set up separate export
promotion council for medical device

The government of India has decided to

set up a separate Export Promotion
Council (EPC) for Medical Devices, to
boost exports of medical devices.
The EPC will be established with headquarters in
YEIDA, Greater Noida, Uttar Pradesh, with regional
offices in AMTZ - Visakhapatnam, Andhra Pradesh and
Hyderabad in Telangana.

The government said it will provide Rs 3 crore initial

financial support, free office of around 5000 sqft area at
the upcoming Medical Devices Park Common Facility
Centre (CFC), Greater Noida and required secretarial
staff. Till the completion of the CFC, YEIDA shall
provide suitable office space in their current  .
According to the IBEF (INDIA BRAND EQUITY FOUNDATION), India has a 75-80%
import dependency on medical devices. Export of medical devices from India stood at
US$ 2.53 billion in FY21, and are expected to rise to US$ 10 billion by 2025.
Thank You !