India’s pharmaceutical and medical devices sector is seeing increased global opportunities through new trade agreements. These agreements are expanding market access and making it easier for Indian products to reach international markets.
Lower duties and improved access in regions like Europe, the UK, and New Zealand are helping Indian manufacturers become more competitive globally. This is expected to support exports, attract investment, and increase participation from MSMEs in the sector.
At the same time, government initiatives are strengthening manufacturing, improving infrastructure, and encouraging innovation. Together, these developments are helping the Pharma and MedTech sectors grow and connect more strongly with global markets.
🔗 Source: PIB Release