Experts attribute it to hurdles such as an underdeveloped supply chain, regulatory complexities, and talent gaps.
One of the key issues is the lack of a robust local supply chain, which was highlighted at this year's annual health conference ‘Scale-Up Health 2024'. Indian medtech companies struggle with a shortage of component suppliers, which limits their ability to scale operations and compete on pricing. Anish Bafna, MD and CEO of Healthium Medtech, emphasised that the country needed more component suppliers to support its growing manufacturing needs.
This story is from the September 16, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 16, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Telangana CM Seeks Nadella Help in Tech, AI Infra Boost
Telangana Chief Minister A Revanth Reddy on Monday called on Microsoft CEO Satya Nadella at his residence and sought the IT major's support to develop a strong ecosystem so that Hyderabad is recognised as a leading city in the world in the technology domain.
Airlines Have to Share International Passenger Data with Customs from April
Airlines will have to mandatorily share details of foreign travelers with the Indian Customs authorities from April 1, 2025, and non-compliance can attract penalties.
H-1B visa: A policy shift under Trump and Biden
Indians constituted highest share in number of visas issued during both presidencies
H-1B System 'Broken,' Need 'Major Reform,' Says Musk
Days after pledging to \"go to war\" in defense of the H-1B visa program, tech billionaire Elon Musk has turned his sights on the system itself, labeling it \"broken\" and in need of \"major reform.\"
ROOT OF THE MATTER
Nano urea sales fell sharply in FY24 while production capacity rose. Is it an aberration or sign of a deeper problem?
Carlos Slim invested $1bn in 2024 to supercharge oil bets
Carlos Slim (pictured), Latin America's richest man, plowed $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn't going away anytime soon.
Fire, engg insurance premiums may rise by 60% in 2025
In 2025, Indian firms may face higher premiums for fire and engineering insurance covers as reinsurers are likely to revise rates due to rising claims from catastrophic events and higher loss ratios, according to people in the know.
ICAR, governing body member spar over appointments
Venugopal Badaravada, who is a governing-body member of the Indian Council of Agriculture Research (ICAR) and has pitted himself against the organisation on various matters, has now picked a dispute with the outfit on high-level appointments.
Financial sector to see many new faces in 2025
The financial sector could see new faces at the helm of banks and insurance companies with over half a dozen chief executive officers (CEOs) set to hang up their boots in 2025.
Health experts pitch for duty waiver on cancer equipment
Health and education experts in a pre-Budget meeting on Monday urged Union Finance Minister Nirmala Sitharaman to address issues related to cancer care equipment, health and education spending, and increase focus on teachers' training under the National Education Policy (NEP), 2020.
