Meditech Stackathon 2024 launched – Careers Ready


Department of Pharmaceuticals in New Delhi Confederation of Indian Industry (CII) with the support of MEDITECH STACKATHON, 2024 Launched.

related facts

  • Meditech Stackathon
    • Through Stackathon, participants will be able to gain insight into their unique challenges and opportunities. The complexities of different product segments within the medical device industry will pay attention to and Identification of key stakeholders, processes To analyze and map value chains in different sectors of the medical device industry.
    • Related topics: Stackathon consists of eight focus groups viz. Cancer Therapy, Imaging, Critical Care, Assisted Medical Devices, Anatomical Implants, Surgical Instruments and Hospital Equipment, Consumables and Disposables and In Vitro Diagnostic Devices (IVD) and Reagents Will be discussed.
    • Important topics with specific objectives including section wise identification of each topic. Valuation of medical devices, assessment of import-export dynamics, examination of duty structures and their implications across the entire value chain. Will be assigned the task of discussion.
  • Medtech industry
    • in the medtech industry Annual growth rate of 28 percent cowIt is estimated that by the year 2030 50 billion us dollars Estimated to reach.
  • situation of india
    • India for medical devices in Asia fourth largest There is a market.
    • Import year 2022-23 India in the medtech sector in Imports worth US$ 4,101 million Have done. This sector has seen an increase in imports compared to previous years, which is mainly America, China and Germany Like it is done by countries.
  • Medtech Industry Challenges
    • in this area Cost competitiveness, quality assurance and regulatory constraints Challenges remain including.

Confederation of Indian Industry (CII)

  • this one Non-governmental, non-profit, industry-led and industry-managed organizations Is.
  • Establishment: year of its establishment 1895 It took place in.
  • the headquarters: its headquarters New Delhi Is in.
  • Work: it advisory and consultative processes It works to create an enabling environment for India's growth by partnering with industry, government and civil society.

Objectives of Meditech Stackathon, 2024

  • top industrialists, Through consultation with policy makers and experts solving important challenges from
  • domestic manufacturing to promote
  • import dependency Reducing and indigenously manufactured goods promote the export of
  • to india medical technology To establish itself as a global leader in

Government Initiatives Related to Pharmaceuticals Sector

  • Scheme for strengthening pharmaceutical industry
    • Under this scheme Rs 500 crore for the period from FY 2021-22 to FY 2025-26 A total financial outlay of Rs.
  • The first global innovation summit for the pharmaceutical sector
    • in november 2021 Indian Prime Minister inaugurated the first Global Innovation Summit in the pharmaceutical sector, where National and international speakers addressed a wide range of topics including environmental regulation, financing for innovation, industry-academia collaboration and innovation infrastructure. Discussed.
  • Production Linked Incentive (PLI) Scheme
    • Objective of PLI scheme is important in the country 'Key Starting Materials' (KSM)/Drug Intermediates and Active Pharmaceutical Ingredients (API) To promote domestic manufacturing.
  • Promotion of Bulk Drug Park Scheme
    • Government's goal in the country To reduce manufacturing costs of bulk medicines and dependence on other countries for bulk medicines. To develop 3 Mega Bulk Drug Parks in India in partnership with States.

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