Earlier this month, Niti Aayog, the Indian government’s think tank, held a high-level meeting, with the secretaries of all stakeholder ministries—including the Ministry of Health—present. The agenda was simple. Boost the local manufacturing of medical devices—currently a $10 billion market. India’s medical devices market is the fourth largest in Asia—after Japan, China and South Korea—and…
X-ray report
Make in India vs having made it in India: Skanray’s peculiar struggle
Make in India should come as good news to this indigenous medical equipment manufacturer. But it only adds to the various challenges it's already facing in the market. Skanray shook up the industry with its massive L&T acquisition in late 2012 - today, though, with dipping revenue and a changing market, it's not looking so good
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