Gujarat: Leading The Medical Device Sector In India

Some of the challenges faced by the companies when doing business in Gujarat is the lack of skilled manpower, over dependence on manual processes or lack of automation, high cost of power, increasing cost of manpower and technology etc.

The government of Gujarat has been facilitating the growth of medical device industry sector through initiation of various policies in order to provide infrastructure, skilled manpower as well as favorable labour laws.

However Pandya opines that the industry needs to move up in the value chain by both technology upgradation as well as diversification. He feels that while regulatory reforms are under progress, the industry can look at the global quality standards in order to be acceptable in the international markets.

Giving suggestions to the government to tackle those issue Pandya states, “The changing regulatory reforms requires substantial investments by the industry for upgradations requiring support from the Government by way of easy and subsidised financial resources. The industry also needs support for manpower training and skill development.”

Pandya informs that a large number of micro and small scale units need to understand changing market trends and be competent to manage the distribution channels directly instead of depending on others. This in turn will help them in increasing their margins which would help to generate surplus required for technology up gradation and modernization.

Further he added that innovations both in production processes as well as marketing will help in a big way in boosting the business.

(Ref: The Chronicle Pharmabiz, September 08, 2011)