Mexico, Brazil, UK see rising medical device imports, opening export opportunities for India: Report
Mexico, Brazil, the UK, Poland and Canada have emerged as high-growth markets for Indian medical equipment exports, India Exim Bank said. The study flagged modest Indian export shares despite rising import demand, and recommended regulatory alignment, stronger R&D, component manufacturing, skills development and trade promotion to expand global market presence.
Policymakers in Mexico, Brazil, the UK, Poland, and Canada have observed a surge in medical device imports, creating export opportunities for Indian manufacturers to explore, according to a report by India Exim Bank. Despite the growing demand, India's export share in these markets remains underwhelming, indicating a significant potential for Indian companies to expand their presence.
The study highlights the need for targeted efforts, including regulatory alignment and trade promotion, to help Indian manufacturers enter these high-growth markets and enhance India's position in the global medical device value chain.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
