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21 Jul 2018, Edition - 1103, Saturday

FLASH NEWS:

  • Chinese President Xi Jinping arrives in Africa on a four-nation visit seeking deeper military and economic ties
  • BJP conference on winning no-trust vote held by BJP leader G. V. L. Narasimha Rao
  • ‘This crime is unacceptable’, says Union Minister Mukhtar Abbas Naqvi on mob lynching incident in Alwar
  • Number of girls in IITs distressingly low, this needs to increase: President Ram Nath Kovind
  • PM Narendra Modi said the NDA had the ‘confidence of the Lok Sabha and the 125 crore people of India’
  • More than 500 DMK cadres were detained by police for showing black flag to Governor for conducting review meetings

Coimbatore

PSG biomedical innovation centre opened; medical device industry can touch $50b by 2025

Covai Post Network

The medical device market in India has potential to reach $50 billion by 2025, according to PSG Institute of Medical Science and Research Dean Dr S Ramalingam. It was valued at $6.36 billion in 2013 and was growing annually at 15 per cent, he said at the inaugural function of the PSG Centre for Biomedical Innovation.

“The US is known to be a global leader in medical devices. Import constitutes almost 70 per cent of the Indian medical devices market. There is no competitive manufacturing base of medical devices here,” he said.

Managing Trustee L Gopalakrishnan was the chief guest at the function. He inaugurated the centre and said, “This centre brings together expertise and rigour in research, bioethics, regulatory sciences and medical domain knowledge and experience to help budding bio entrepreneurs with a scientifically valid, regulatory complying and swifter pathway to a product.”

COIMBATORE WEATHER