New Delhi, March 14 India needs to move beyond its image as the "Pharmacy of the World" to become a global hub for medical technology manufacturing, Commerce Secretary Rajesh Agrawal said on Saturday.
He also emphasized the broader goal of achieving a $30 billion medical devices market by 2030, while leveraging India's significant domestic market for growth.
Addressing a session on strengthening India's medical devices export ecosystem, he said there is a need to significantly enhance India's global market share over the next decade, with a strong focus on high-value manufacturing, R&D investments, and regulatory harmonization.
India's medical device exports have crossed $4 billion in FY25.
Speaking at the session, Director General of Foreign Trade (DGFT), Lav Aggarwal, called for faster growth by addressing structural issues.
He highlighted the role of trade policy measures and export promotion initiatives in expanding India's presence in global medical devices markets.