Haryana, one of India’s leading states in terms of industrial development, has recently announced its ambitious Medical Device Manufacturing Policy 2024 with a target of attracting ₹3000 crore investment in the sector. The policy aims to boost the state’s healthcare infrastructure and create a conducive environment for medical device manufacturers to set up operations in Haryana.
Key Objectives of the Policy:
1. Attracting Investment: The primary objective of the policy is to attract ₹3000 crore investment in the medical device manufacturing sector in Haryana. This investment will not only create job opportunities for the local population but also contribute to the overall economic growth of the state.
2. Promoting Innovation: The policy aims to promote innovation in the medical device manufacturing sector by providing incentives and support to companies that develop new and advanced medical devices. This will help in improving healthcare services in the state and make Haryana a hub for cutting-edge medical technology.
3. Skill Development: Another key objective of the policy is to focus on skill development in the medical device manufacturing sector. The government will collaborate with educational institutions and industry experts to provide training and skill development programs for the workforce, ensuring a skilled and competent workforce for the industry.
Components of the Policy:
1. Incentives and Subsidies: The policy offers various incentives and subsidies to attract investment in the medical device manufacturing sector. These include financial incentives, tax benefits, and subsidies on land acquisition and infrastructure development.
2. Infrastructure Development: The government will focus on developing state-of-the-art infrastructure for medical device manufacturing companies in Haryana. This includes setting up industrial parks, special economic zones, and research and development centers for the industry.
3. Regulatory Support: The policy aims to provide regulatory support to medical device manufacturers by streamlining the approval process for setting up operations in Haryana. This will help in reducing red tape and bureaucratic hurdles for companies looking to invest in the state.
4. Collaboration with Industry Experts: The government will collaborate with industry experts, research institutions, and healthcare providers to promote innovation and research in the medical device manufacturing sector. This will help in developing new and advanced medical devices that cater to the needs of the healthcare industry.
Overall, Haryana’s Medical Device Manufacturing Policy 2024 is a step in the right direction towards boosting the state’s healthcare infrastructure and attracting investment in the medical device manufacturing sector. With its focus on innovation, skill development, and regulatory support, the policy is expected to create a conducive environment for companies to invest in Haryana and contribute to the growth of the state’s economy.
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- Source: Plato Data Intelligence.
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