Domestic Manufacturing of Medical Devices approved by Cabinet

On March 21, 2020, the Union Cabinet chaired by PM Modi approved the Medical Device Park Scheme. The scheme is to be implemented for the next five years. The GoI has approved Rs 13,760 crores for the scheme. The amount is mainly to be used in medical devices and drugs production.

Highlights

The scheme aims to boost the domestic manufacturing of medical devices in the country. It includes setting up of medical device parks in Tamil Nadu, Kerala, Telangana and Andhra Pradesh. Every park is to receive Rs 100 crores. The grants are to be provided to the state and the projects are to be implemented by respective state governments.

Benefits

The parks will help to reduce imports and also increase standard of medical testing. Also, the scheme will help to reduce cost of production.

Background

India is the fourth largest market for medical devices in Asia. However, the domestic medical devices industry in India is very small. India’s domestic medical devices stand at 2% of the global industry.

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March 22: World Water Day

Every year since 1993, World Water Day is being celebrated on March 22. It is being celebrated to spread the importance of fresh water. The day is celebrated by United Nations as well along with various other organizations all over the world. The theme of World Water Day is

Theme: Water and Climate Change

Significance

The main purpose of World Water Day is to achieve Sustainable Development Goal 6. This includes Water and Sanitation for all by 2030.

Need

By 2050, more than 5.7 billion people are to live in areas where is to go scarce. The water demand all over the world is to increase by 50% by 2040. Therefore, it is important to mark more such events that aims at conserving water.

History

The day began in 1992 at the United Nations Conference on Environment and Development. At the conference, the UN passed a resolution to observe World Water Day. Since then several events have been added. It includes the International Year of Cooperation in the Water Sphere, 2013. Apart from this, currently International Decade for Action on Water for Sustainable Development (2018-28) is also being marked.

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