Wednesday, October 16, 2013: Taking a step ahead the relation that India and Japan share, some of the Japanese companies have expressed their interest in setting up of facilities for medical electronics. The Ministry of Economy, Trade and Industry, Japan (METI) convened the ‘India – Japan business seminar on Medical Devices and Service’ on 11 September, 2013, in New Delhi. This was co-hosted by the Medical Excellence Japan (MEJ). Kapil Sibal, minister for communication and information technology of India and Toshimitsu Motegi, minister of economy, trade and industry, Government of Japan emphasised on the importance of medical equipment in existing scenario and support from government.
Sibal highlighted the huge potential of Indian healthcare equipment market and informed that 70-75 per cent of such equipment are being imported. He also shared his view that India is a bit different market to operate where it is necessary to reach common people which can be achieved by having economies of scale. Later he suggested that Japanese companies can even serve other territories like Africa, West, etc., from India. Motegi expressed that many Japanese countries are interested in rapidly growing medical equipment industry of India.