Riccardo Benussi Discusses India’s New Medical Device Rules
Historically, the Indian medical device industry has been largely unregulated, with regulations tending to only focus on certain types of medical devices.
The Medical Device Rules, 2017, which came into effect on January 1 2018, will assist in standardizing the previously unregulated medical devices sector.
Opportunities for Foreign Investors
The webinar was hosted by German Trade and Invest (GTAI) organization with the objective to answer the question – ‘Is India a good market for German suppliers of medical devices?’
Riccardo discussed the Indian medical devices market and the opportunities it presents to foreign investors. He also introduced the new Medical Devices Rules, 2017, along with the risk-based classification system for medical devices.
Further, Riccardo briefed the attendees about the licensing process for importing medical devices into India and the expected timelines for obtaining import and manufacturing licenses.
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