Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and PMO,Dr. Jitendra Singh, has underlined India’s growing strength in the medical technology sector, projecting its value to rise from the current USD 12 billion to USD 50 billion by 2030. He emphasized that India is set to become a global hub for affordable, high-quality healthcare solutions.

Speaking at the inauguration of an exhibition titled “Innovation for Self-Reliance – Accelerating Healthcare with Indigenous Medical Device Development – The Sree Chitra Contributions” at Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), Thiruvananthapuram, the Minister praised the institute for producing cost-effective medical devices that save lives while reducing import dependency.

Dr. Singh urged SCTIMST to expand awareness and visibility of its innovations, suggesting that their technologies be showcased in major cities like Delhi to reach a wider audience, including civil society and healthcare stakeholders.

Highlighting the institute’s achievements, he noted: The Minister remarked that these path-breaking innovations often remain under-recognized even within top hospitals and called for a scale-up in production.

He described SCTIMST as a model institution that integrates the “Four Ts” – Teaching, Training, Treatment, and Trade, enabling not just education and patient care but also value creation through indigenous manufacturing.

Dr. Singh also connected the institute’s contributions with Prime Minister Narendra Modi’s vision:

He stressed that affordability must remain the cornerstone of MedTech growth, even as production and global collaborations expand. With WHO recognition and collaborations with ICMR, DBT, CSIR, DRDO, and INSA, SCTIMST is expected to play a pivotal role in making India a leader in cost-effective healthcare and medical tourism by 2047.