Medical devices manufacturing has lot of growth potential: Expert
Jayarama Emani | The Dollar Business “With India importing 70% of its medical devices requirements, the industry provides a great opportunity for entrepreneurs to make it big domestically,” said Dr Babu Thomas, Director, HLL Lifecare Limited. Talking to The Dollar Business, Thomas said, “The current size of the industry is around Rs 30,000 crore of which, the share of the domestic industry is Rs 9,000 crore only, leaving an untapped potential of Rs 21,000 crore.” Thomas went on to add, “China was an importer not long ago, but is an exporter now.” Welcoming the Government of India’s move to set up Medical Devices Parks in the country, Thomas said, “HLL Lifecare Limited is developing a medical devices park in ...
