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StockWaves > Business > Shri Piyush Goyal, Union Minister for Commerce & Trade
Business

Shri Piyush Goyal, Union Minister for Commerce & Trade

StockWaves By StockWaves Last updated: September 5, 2025 7 Min Read
Shri Piyush Goyal, Union Minister for Commerce & Trade
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Coverage makers, Trade Leaders, World MedTech Consultants, and Establishments are collaborating in 3-Day Occasion

New Delhi, 4 September, 2025: Hon’ble Minister for Commerce and Trade, Authorities of India Shri Piyush Goyal at the moment termed the GST reforms as a step in the direction of ‘Atmanirbhar Bharat’ and referred to as upon 140 crore Indians to return along with the collective resolve to make India Viksit Bharat by 2047.

“Yesterday’s GST reforms are a step within the route of making certain an Atmanirbhar Bharat, a self-reliant India that cares for 140 crore Indians coming along with the collective resolve to make India Viksit Bharat by 2047, a developed and affluent nation the place all people will get alternative, the place all people turns into a participant of India’s inclusive and sustainable development story,” mentioned Shri Piyush Goyal whereas addressing the inaugural session of twond version of India MedTech Expo 2025 and 11th Worldwide Exhibition on Pharma and Healthcare.

Shri Goyal additionally exuded confidence that the nation can climate any problem. “India stands sturdy, united, and has the boldness to climate any state of affairs. Now we have achieved that previously, and we are going to do the identical sooner or later as properly,” the Minister mentioned.

He additionally referred to as upon the assorted stakeholders to go for Swadeshi, be vocal for native, promote items made in India, encourage the individuals who’re contributing to the India development story throughout the size and breadth of the nation by means of our personal little effort.

Delivering a key-note deal with, Dr. Rajiv Behl, Secretary, Division of Well being Analysis, Ministry of Well being and Household Welfare and Director Common, Indian Council of Medical Analysis (ICMR) referred to as upon {industry} and academia to collaborate to strengthen India’s fame as Pharmacy of World.

“Indian Council of Medical Analysis may be very eager to collaborate with all of you -academia, analysis laboratories, whether or not it’s bio engineering or it’s the pharmaceutical or it’s the medical academia. ICMR by means of its MedTech Mitra and Patent Mitra goes to play a vital function in bringing collectively the academia and {industry} and collectively all of us are going to contribute to Viksit Bharat,” mentioned Dr. Behl.

Reflecting his ministry’s method and enumerating initiatives, Shri Nitin Kumar Yadav, Addl. Secretary, Ministry of Commerce & Trade mentioned that India is working with its buying and selling companions worldwide to cut back tariffs, harmonize rules and open new alternatives for our exporters.

“We goal to be the healthcare and wellness hub of the world, extending our strengths not solely within the prescription drugs but in addition in medical units, Ayurveda, yoga, nutraceuticals and healthcare companies,” mentioned Shri Nitin Kumar Yadav.

Describing the initiatives taken by India on regulatory entrance, Dr. Rajiv Singh Raghuvanshi, DCGI, CDSCO mentioned that India is taking a slue of measures to ease the rules.

“Our goal is to make regulation lighter and execution stronger. Now we have taken a number of initiatives within the latest previous to reveal our intent in the direction of making our rules lighter and extra industry-friendly. The world has acknowledged India as a powerhouse for healthcare provides,” mentioned Dr. Raghuvanshi.

Talking on the MedTech Expo 2025, Mr Praveen Kumar Mittal, Govt Director, EPCMD, mentioned, “India’s medical units sector, valued at practically USD 15 billion and to projected to double by 2030, is supported by over 800 start-ups, sturdy R&D, and a rising manufacturing base.

India MedTech Expo 2025 will function a catalyst to showcase this development story and foster collaborations to rework healthcare entry in India and worldwide.”

The three-day ‘India MedTech Expo 2025’ is being organized from 4–6 September 2025 at Bharat Mandapam, Pragati Maidan, New Delhi, by the Division of Prescribed drugs, Ministry of Chemical substances and Fertilizers, GoI, in affiliation with the Ministry of Commerce and Trade, GoI; Export Promotion Council for Medical Gadgets (EPCMD), and Central Medication Commonplace Management Organisation (CDSCO) below Directorate Common of Well being Companies, Ministry of Well being & Household Welfare, GoI.

The three-day expo titled ‘India: World MedTech Manufacturing Hub, Precision Engineering but Inexpensive’ is showcasing an array of exhibition and improvements of MSMEs, start-ups, analysis establishments, future innovation pavilions, state showcases, and authorities initiatives.

The occasion is witnessing the participation from over 150 worldwide consumers representing greater than 30 nations, providing a singular alternative for international stakeholders to discover partnerships and investments in India’s quickly increasing MedTech ecosystem.

With sturdy {industry} help from main associations together with AIMED, ADMI, MTAI, AMTZ, AMCHAM, APACMED, ADVAMED, APMEI, ASSOCHAM, CII, FICCI, INVEST INDIA, PHDCCI, NATHEALTH, USIBC, and USISPF, the expo serves as a collective platform to form the way forward for medical know-how.

Disclaimer:- This story has not been edited by SugerMint employees and offered by the company. SugerMint is not going to be accountable in any method for the content material of this story.



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