Interpretation of Aatma Nirbhar Bharat in MedTech sector: MTaI Comments (0) Read Article Related Posts News By EH News Bureau on June 18, 2020 Share Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Menopause to become the next game-changer in global femtech solutions industry by 2025 The missing informal workers in India’s vaccine story After due reflection, MTaI has come to the view that Aatma Nirbharta in medical technology sector would be achieved when we can make competitive products in India: Pavan Choudary, Chairman and Director General, MTaIPrime Minister Narendra Modi, on May 12, 2020, made a clarion call for an ‘Aatma Nirbhar Bharat’ – a self-reliant India to rejuvenate our industries.While elucidating that the definition of self-reliance has undergone a change in the globalised world, the Prime Minister emphasised that India’s culture considers the world as one family and progress and contribution in India is a part of contribution and progress in the whole world. He also revealed the financial stimuli the government had planned to revive the businesses.Echoing the sentiments of the PM, Piyush Goyal, Commerce & Industry Minister, GoI highlighted that India must build its confidence and competency in producing quality products in a cost-competitive manner that can compete globally. Nirmala Sitharaman, Finance Minister, GoI also stated that ‘self-reliant India’ did not imply ‘isolationism or becoming exclusionist’, and underlined the approach to attaining self-reliance by building capacities, skilling people and competing globally by acquiring these strengths.In this statement, Pavan Choudary, Chairman and Director General, MTaI shares what ‘self-reliance’ means for the MedTech industry. He says, “We are fully aligned with the PM’s vision for a self-reliant India. After due reflection, MTaI has come to the view that Aatma Nirbharta in medical technology sector would be achieved when we can make competitive products in India, when people of India can be treated in India without having to travel abroad and without having to spend precious foreign exchange, when R&D flourishes to create innovative solutions and when every Indian healthcare worker gets trained as well as his best global counterpart.”India would be Aatma Nirbhar in the MedTech sector when we can:-Make in India products that are competitive on quality as well as cost. Quality is a sine qua non for sustaining success in the market as well as for determining the acceptance of other products which will emerge from Indian factories in the future. Make in India should include designing innovative solutions locally through a strong R&D to meet our needs, and commercialising these into reliable products with the help of global and local MedTech companies alike.Heal in India by being able to adequately treat our citizens without the need for them to travel abroad and spending precious foreign exchange. Besides other things this requires quality expansion of tertiary care facilities in both private and government sectors.Train in India our healthcare workers and make them as proficient as their best global counterpart.“Furthermore, bringing FDI in India will also take us forward in the path of self-reliance. MTaI re-dedicates itself to this task and strengthens its resolve to be the foremost contributor of investments in this sector once again,” added Choudary.The FDI which was brought to automatic route in the first quarter of 2015, took the annual FDI inflow in medical devices that year from an annual average of $62 million to $161 million and to $439 million in 2016. The FDI then plummeted to pre-automatic-route-levels (seemingly due to the unintended consequences of some well-intentioned policy changes, which disenchanted the investors). The recent efforts of the government seem to be bringing back the FDI back on track and the first signs are visible in the first quarter of 2020. Phoenix Business Consulting invests in telehealth platform Healpha WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Aatma Nirbhar BharatFDIHeal in IndiaMake In IndiaMedTech sectorMtaINarendra ModiNirmala SitharamanPavan ChoudaryPiyush GoyalTrain in India MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Add Comment
This year, the UN completed 75 years of its existence. Aiming at the maintenance of peace and security, it’s still progressing. Based on this purpose though it was created, the purpose should meet demands and has to cope with change. But in the 21st century, we are continuously experiencing malfunctioning of this system. That’s why India’s Prime Minister Narendra Modi stated, “UN without reforms will face a crisis of confidence.” The major drawback of this system is limited role enjoyed by developing nations. They have a decisive role in the global community, so their development should be concerned of all.But it can’t be denied the United Nations’ progressive steps for humanity. It was not created to take mankind to heaven, but to save humanity from hell (A statement by Dag Hammarskjold, Second UN Secretary-General). But new problems need new solutions. Today’s world is not political rather an economic, today’s war is not political but economic. The economic progressed countries are more powerful than those who have political and military power but less economic power. Today’s world demands development first, and it is only possible through the economy. So here is a whole new global strategy to provide reforms in the international system.The reforms are that there will be joint planning and development of two or more nations, naming the system as ‘Combined Nations’. These nations will combine politically, economically, militarily and in all respects. Remember it’s not like a Federal System or Federation. Federation is complete connectedness for an indefinite period. But Combined Nations is targeted efforts of development. In the federal system, there is a need for territorial integrity, but Combined Nations is a combination of two or more nations, irrespective of territory for developmental purpose. It is targeted as many years as concerned nations want.The strategy will be that after a treaty among the nations or between two nations, they will jointly do all operations irrespective of anything. There will be a combination of political power. The decision of the government of one will decision of all. And the government will be so united that every nation to play some roles. Economically all development will be taken place in the same manner in participant nations. There will be no need for nationality proof to go to participant country/countries. In other words, it will be one joint nation. They will have mutual participation in international treaty and agreements. Its core principle will be “One for all and all for one”.There will be several benefits to this joint strategy. Upliftment of least advantage nations is its primary motto. A nation which is underdeveloped since decades can be developed by this strategy. When a developing nation will combine with a developed nation, the joint development through this process will bring changes in that developing nation. And a developed nation can get benefits like natural resources of other nation. So it’s a mutual sharing principle. Overall a wave of mutual benefits will take place to uproot the problems of concerned nations through this ‘Combined Nations Strategy’.
More than four weeks after announcing John Harbaugh would return in 2019, the Ravens are on the verge of reaching a contract extension with their longtime head coach.According to ESPN’s Chris Mortensen, the sides have an agreement in principle on a deal that will keep Harbaugh in Baltimore beyond the 2019 season. The deal has yet to be finalized, but the 56-year-old coach made his preference to stay clear after the Ravens’ season-ending loss to the Los Angeles Chargers in the wild-card round, their first playoff appearance since 2014. The organization issued a statement on Dec. 21 announcing Harbaugh would remain the head coach and the sides were working on an extension for his existing contract set to expire in 2019.Owner Steve Bisciotti admitted last February he considered replacing Harbaugh after the Ravens missed the playoffs for a third straight season, their longest postseason drought since 1996-99.“I have every expectation, every plan to be here as long as they want me here, and I believe I’ll be here,” Harbaugh said on Jan. 6. “I think that’s been made clear by them to me over the last few weeks. Like I said a couple weeks ago or last week, I love everybody in the organization; they’re great people. I expect to go forward with that as long as that’s what they want to do. I do believe that’s what they want to do.”A Harbaugh extension is a sign of stability for an organization that’s undergone notable change over the last calendar year. In addition to Lamar Jackson replacing former Super Bowl MVP Joe Flacco as the starting quarterback in November, Eric DeCosta has officially succeeded Ozzie Newsome as the general manager and Greg Roman replaced Marty Mornhinweg as the offensive coordinator earlier this month. Last January, Wink Martindale became Baltimore’s defensive coordinator after Dean Pees stepped down.Harbaugh’s future appeared in great doubt only 2 1/2 months ago when the Ravens limped into the bye week with a 4-5 record and an injured Flacco, but a 6-1 finish and a revamped run-heavy offense led to their first AFC North championship in six years. The NFL’s fourth-longest-tenured head coach will be entering his 12th season and has led the Ravens to seven playoff trips, three division titles, three AFC championship game appearances, and a Super Bowl championship. However, Baltimore has only one playoff victory since its win in Super Bowl XLVII.Saturday marked the 11th anniversary of Harbaugh’s introductory press conference when he became the third head coach in franchise history.