About Us Press Releases

Webinar on “Business Opportunities in Medical Devices sector”

Posted on: August 13, 2020 | Back | Print

A webinar on Opportunities in Medical Devices Sector between India and Peru was held on 13 August 2020. It was organized by the Engineering Export Promotion Council (EEPC) and the Embassy of India with support of Lima Chamber of Commerce (CCL). EEPC under the Department of Commerce, Ministry of Commerce and Industry, Government of India facilitated the participation of Indian speakers, while the Embassy of India, with help of CCL coordinated the participation of Peruvian speakers.

Ambassador of India Shri M. Subbarayudu in his inaugural address said that the medical device is currently one of the most relevant sectors when the health industry across the world is confronting enormous challenges posed by the Covid-19 pandemic. He highlighted that Prime Minister’s visionary initiatives like Atmanirbhar Bharat, Make in India, Start-up India, Digital India have opened up new opportunities in manufacturing sector, and Indian industry’s response to the pandemic in terms of ramping up domestic production of PPE is a testimony to India’s capacity. He hoped that at a time when India is focusing to create a vibrant ecosystem of medical device manufacturing in India, this interaction will offer both sides an opportunity to understand the demand and match the capabilities.

Shri S. Suresh Kumar, Joint Secretary, Foreign Trade (LAC), Ministry of Commerce and Industry highlighted that there are enormous prospects for growth of medical device partnership between India and Peru. He added that the proposed Memorandum of Understanding (MoU) between the Peruvian agency and State Trading Corporation for import of pharmaceutical products is under active consideration. He also highlighted that an institutional framework between the regulatory agencies of India like BIS and CDSCO and Peruvian agency like DIGEMID will lead to mutual acceptance of conformity assessment and minimize the non-tariff

barriers in the pharmaceutical and medical device sector. He also hoped that the trade negotiations between both countries will conclude soon and result in enhanced bilateral trade partnership. Shri Navdeep Rinwa, Joint Secretary (Policy and Medical Devices), Department of Pharmaceuticals gave a presentation on the policy framework and schemes on the growth for manufacturing in the medical devices sector in India and the opportunities it presents. Shri Mahesh Desai, EEPC Chairman spoke about the organization of this webinar at a time when the world is facing the pandemic which has severely affected countries across the world, including India and Peru. He said that the medical device industry in India is showing adaptability to changing needs by emerging as an important destination for manufacturing critical healthcare engineering products and services.

DIGEMID (Directorate General of Medicines, Supplies and Drugs) representative Dr. José Carlos Saravia Paz Soldán, in his presentation, briefed Indian participants on the step-by-step sanitary registration and certification process for import of medical devices, which are classified by risk categories. He also spoke about regulations governing medical devices and requirements to access the Peruvian market. Mr. Omar Neyra, President of Lima Chamber of Commerce Health Guild- COMSALUD said that product sectors like diagnostic devices, PPE and Covid-19 related treatment equipment have great scope in Peru. He said that India is very important in terms of technology and innovation and Peru can greatly benefit from India’s knowhow. Referring to Joint Secretary (FT-LAC)’s remarks, he called upon Peruvian agencies to enter into agreements with important economies like India, which will help Peruvian side access better technology. He hoped that webinars like this will help create synergies between the two countries.

Other presenters included Ms. Pallavi Saha, Senior Deputy Director of EEPC who gave an industry outlook for medical devices in India, Mr. Rajiv Nath, Forum Coordinator, AiMed, Mr. Hemant Chona Head, Global Marketing of Chona Surgical Company, and Ms. T.S. Pallavi, International Business Manager of Panacea Medical Technologies Pvt. Ltd as well as Mr. Oscar Chávez, Head of the Institute of Economics and Business Development of the Lima Chamber of Commerce.

The webinar evinced overwhelming interest among Peruvian companies with more than 400 registered participants for the webinar. Lima Chamber of Commerce will exchange the coordinates of participants on both sides to facilitate matchmaking between the companies. The email coordinates of Commerce Wing in the Embassy were also shared with Peruvian participants to receive their follow-up queries.

*****

August 13, 2020