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Zero customs duty on medical device to kill Make in India program

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20-Jan-17 India's medical technology sector can make great contributions in terms of economic growth, job creation and enhanced innovation. The ‘Make in India’ campaign is a major boon to the medical technology industry, as currently 70% of medical equipment is imported. India should learn from China, where much higher reimbursement is allotted to locally produced medical devices and equipment. [image: Business Standard]

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China highlights medical device industry as a breakthrough area

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18-Jan-17 The CDFA has published “Guidelines for the Preparation of Special Reports on the Application of Innovative Medical Devices" to encourage medical device study and innovation, and to promote new medical device technology. The medical device industry represents massive potential in China with only 14% of the country’s total pharma/devices market, compared with 42% in developed markets. [image: Woke Medical]

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Paramit opens medical device design & manufacturing hub in Malaysia

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11-Jan-17 American medical device contract manufacturer Paramit Corp announced the opening of its new facility located on mainland Penang in Malaysia. The site will be the region’s largest manufacturing facility for complex medical devices, realising sophisticated systems for genetic and molecular testing, robotic surgery and cancer treatment, and will also serve its current industrial products customer base. [image: The Star / Asri Abdul Ghani]

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Fujitsu pushes digital transformation in Thailand

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28-Nov-16 Logistics, manufacturing and healthcare sectors are likely to be early adopters of digital transformation strategies in Thailand. "Thailand's economy has experienced dramatic increases in growth over the past three decades, but is seeing no massive, visible growth like during the glory days before," said Yoshikuni Takashige, vice-president for marketing strategy at Fujitsu. [image: Bangkok Post]

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Push for production of drug APIs in India

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26-Oct-16 To reduce its dependence on China for active pharmaceutical ingredients (APIs) of drugs, the Prime Minister’s Office has instructed the NITI Aayog along with the ministries of health, commerce and industry, and chemicals and fertilisers to draw up a comprehensive plan to produce APIs in India. [image: The Indian Express]

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