· Dr . Arunish Chawla from the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, launched the MEDITECH STACKATHON 2024 in New Delhi, aiming to catalyze transformative change in India's MedTech sector . · The STACKATHON, in collaboration with the Confederation of Indian Industry ( CII ) , focuses on a comprehensive value chain analysis of medical devices to address challenges, enhance domestic manufacturing, and reduce import dependence . · India's MedTech industry is projected to grow at 28 % annually , reaching USD 50 billion by 2030 , positioning India as the 4th largest market in Asia and among the top 20 globally . · Import challenges have been significant, with the top suppliers being the US, China, and Germany . The import coverage ratio for 2022 - 23 stands at 0 . 45 , with total imports amounting to USD 4101 Million . · Exports in consumables and disposables have surpassed imports, indicating a positive shift towards domestic capability . · The STACKATHON will involve eight focused groups including areas such as Cancer Therapy, Imaging, and Critical Care, aiming to improve understanding of segment - specific challenges and opportunities . · The initiative is part of a broader effort to foster innovation, boost investment in research, and achieve the goal of accessible and affordable healthcare through enhanced domestic production and reduced regulatory hurdles .
India's merchandise exports to how many countries recorded positive growth rates in FY 2023-24?
On which date will National Technology Day be celebrated in India?
Who among the following had written the novel ‘Untouchable’?
According to the Fraser Institute’s Economic Freedom of the World report, which country regained its title as the freest economy in the world?
National Commission for Women has signed an agreement with which security force in March 2024 to combat human trafficking in India?
Which scientist proposed the principle stating that total energy per unit mass of a flowing fluid is constant?
Where is country’s first glass Bridge is being built?
SmartFin, an end-to-end digital supply chain finance (SCF) platform, powered by Veefin Solutions has been launched that will help drive the required o...
Which organization has established a task force to examine the suggestions put forth by the Independent Experts Group for enhancing the effectiveness of...
Under PM Swanidhi Yojana, how many rupees loan is given for the first time to lakhs of families working in street vendors, street vendors, and other suc...
