India-EU Roundtable 2024
Consulate General of India, Frankfurt organized an interactive session on the sidelines of the MEDICA - Leading International Trade Fair at Wirtschaftsclub Düsseldorf GmbH on 11th November 2024.
The event commenced with an opening address by the Consul General Mr. Mubarak Bawa Syed. Consul General highlighted India’s growth story in the past decade, future potential as well as the social and economic transformation. Consul General also highlighted growing bilateral trade transactions between two nations and emphasized on five sectors viz #Defence & #Security, #Migration & #Mobility, #Climate & #CleanEnergy, Business & Economic Partnership and Technology & #Innovation.
Mr. R. P. Singh, Joint Secretary (MediTech Policy), Department Of Pharmaceuticals gave a vast overview of the Medical Devices Sector and shared the Government of India’s policies to increase the support for establishing Medical Devices #manufacturing and #development parks, various PLI schemes and other incentives offered by the GoI to companies interested in investing in India in the field of Medical device technologies.
Mr. Thorsten Peter, Advisor for Innovation Markets, South Asia and Africa, Ministry of Economic Affairs, Industry, Climate Action and Energy Of the state of North-Rhine Westfalia shared a brief overview about the state of North-Rhine Westfalia. He shared the technical universities such as RWTH Aachen University & Uni Duisburg-Essen working in the development of medical technology devices.
Ms. Sneha D., IAS, ED, State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT), Government of Tamil Nadu gave an overview of the Tamil Nadu Medical Devices Park and the opportunities it offers for companies interested in investing in the state of Tamil Nadu. She mentioned that due to the presence of a talented workforce, various upskilling programs in the state, vibrant innovation ecosystem, the state offers a unique opportunity for business and investment in the production and innovation of medical devices.
Mr. Felix Fröhlich, Senior Project Manager at the The Office of Economic Development Düsseldorf shared his insights about the vibrant city of Düsseldorf. He shared the statistics about the growing number of Indian companies in the area, especially in the IT sectors as well as growing number if Indian students studying the universities in the region. He also shared the success of Boston Scientific, a biomedical/biotechnology engineering firm and multinational manufacturer of medical devices.
There was a gathering of approx. 50 with people representing various medical device technology companies attending MEDICA 2024. The representatives from Indo-German Chamber of Commerce, NRW.Global Business, VDMA, Carve Startup Labs were also present in the event. The event concluded with a Networking session.
Ministry of External Affairs, India
Department for Promotion of Industry and Internal Trade