'Customs duty adjustment, banning imports of used equipment to help medical devices industry reach USD 50 bn by 2030'

"The Indian medical devices industry can expand from USD 12 billion to USD 50 billion by 2030, reducing import reliance to 35 per cent and boosting exports to USD 18 billion from USD 3.4 billion at present. The industry's growth potential could surpass that of the smartphone sector due to India's expanding health sector, projected to reach USD 600 billion by 2030," GTRI Co-founder Ajay Srivastava said.

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