Make in Jharkhand MedTech Policy 2024-2030
Pioneering Innovation in Medical Technology
Jharkhand, a frontrunner in industrial and technological progress, is poised to become a global hub for MedTech innovation. The Jharkhand MedTech Policy 2024 is designed to harness the state’s strong infrastructure, skilled workforce, and strategic partnerships to advance the development of cutting-edge medical devices, digital health solutions, and innovative healthcare technologies.
Make in Jharkhand aims to establish the state as a MedTech leader, with a focus on enhancing healthcare delivery, improving patient outcomes, and ensuring access to affordable healthcare technologies. Through strategic collaborations with government agencies, global organizations, and private sector leaders, Jharkhand is creating an ecosystem that fosters MedTech innovation and attracts investment.
Vision for 2030
Jharkhand as a Global MedTech Leader
- Establishing Jharkhand as a global leader in medical technology, attracting ₹25,000 crores in investments for MedTech infrastructure, R&D, and digital health solutions.
- Creating 20,000 direct and indirect jobs in the MedTech sector, providing employment opportunities for healthcare professionals, engineers, and technologists.
- Developing 10+ MedTech innovation hubs across the state to foster research, product development, and healthcare solutions for both domestic and global markets.
- Supporting the creation of affordable medical devices and digital health platforms, improving access to quality healthcare for all citizens.
- Promoting public-private partnerships (PPP) and international collaborations to accelerate healthcare technology innovation, especially in underserved regions of Jharkhand.
Mission
Building Jharkhand’s MedTech Ecosystem
Make in Jharkhand is dedicated to building a world-class MedTech ecosystem that fosters innovation, economic growth, and healthcare transformation. The Jharkhand MedTech Policy 2024 focuses on:
- Attracting investments in medical technology by forming strategic partnerships with global MedTech leaders, start-ups, and research institutions.
- Promoting digital health solutions that improve healthcare delivery, enhance patient outcomes, and offer telemedicine and remote healthcare services to rural and underserved areas.
- Supporting R&D in medical devices, diagnostics, and healthcare technologies by providing funding and infrastructure to develop innovative products.
- Aligning with national health technology policies, ensuring that Jharkhand’s MedTech initiatives contribute to India’s broader healthcare and innovation goals.
- Creating employment opportunities in the MedTech sector by developing a skilled workforce through training programs and collaborations with academic institutions.
Key Objectives
Jharkhand’s MedTech Roadmap
The Jharkhand MedTech Policy 2024 outlines strategic goals to establish the state as a global leader in medical technology and healthcare innovation:
- Promoting Investment in MedTech Clusters: Jharkhand will create MedTech clusters and hubs that offer infrastructure for manufacturing, R&D, and digital health solutions. These hubs will foster collaboration between researchers, engineers, and healthcare professionals to drive the development of innovative healthcare products.
- Fostering Global Collaborations and Partnerships: The state will facilitate international partnerships with leading MedTech companies to enable joint ventures, R&D collaborations, and technology transfers that accelerate the advancement of cutting-edge medical technologies.
- Enhancing Regulatory Support for MedTech Innovation:Jharkhand will collaborate with national regulatory bodies to streamline the approval processes for medical devices and healthcare technologies, ensuring faster market entry while upholding safety and quality standards.
- Supporting Digital Health and Telemedicine: The policy emphasizes the development of digital health platforms and telemedicine services, particularly for underserved regions, to ensure accessible and affordable healthcare for every citizen in the state.
- Promoting Public-Private Partnerships in Health Technology: Jharkhand will encourage public-private partnerships (PPP) to drive the development of innovative medical technologies, working closely with national healthcare institutions to deploy state-of-the-art medical devices throughout the state.
Strategic Focus Areas
Accelerating MedTech Growth in Jharkhand
Developing MedTech Innovation Hubs
Jharkhand will set up over 10 MedTech innovation hubs in strategic cities like Ranchi, Varanasi, and Nagpur, offering cutting-edge infrastructure for R&D, product development, and manufacturing. These hubs will foster the creation of medical devices, diagnostics, and digital health solutions, while promoting collaboration between academic institutions and the industry.
Promoting Digital Health and Telemedicine
The policy emphasizes the importance of digital health platforms that provide telemedicine, remote diagnostics, and digital health monitoring to enhance healthcare access in rural and underserved regions. Jharkhand will support the creation of cloud-based health solutions, enabling both patients and healthcare providers to access real-time medical data and services.
Aligning with National Health Technology Policies
The MedTech Council will collaborate with the Central Government of India to ensure that Jharkhand’s MedTech initiatives align with national health technology policies. The council will secure funding and regulatory support for MedTech innovation, ensuring the state’s contributions advance India’s broader healthcare objectives, including the National Digital Health Mission (NDHM).
Fostering Global Collaborations in MedTech
Jharkhand will actively collaborate with global MedTech companies, fostering joint ventures and research partnerships to introduce advanced medical technologies to the state. By participating in international MedTech forums and conferences, Jharkhand will highlight its strengths and attract foreign direct investment (FDI) in healthcare innovation.
Supporting Public-Private Partnerships for Healthcare Innovation
The MedTech Council will promote public-private partnerships (PPP) with national healthcare institutions to drive the development of innovative medical devices, wearable health technology, and telehealth solutions tailored to meet the unique needs of Jharkhand’s population.
Incentives for MedTech Investments
The Jharkhand MedTech Policy 2024 provides a comprehensive range of incentives to promote investments and foster growth in the MedTech sector:
| Incentive Type | Details |
| Capital Investment Subsidy | 40% subsidy on capital investment in MedTech infrastructure, including R&D centers and manufacturing units, capped at ₹30 crores per unit. |
| Tax Incentives | 100% reimbursement of SGST for 5 years for new MedTech units and tax holidays for MedTech start-ups for 3 years. |
| R&D Grants | 50% subsidy on R&D expenditure, capped at ₹5 crores per annum, to encourage innovation in medical devices and healthcare solutions. |
| Skill Development Subsidy | 50% reimbursement of the cost for MedTech companies investing in employee training and skill development programs. |
| Export Incentives | 50% reimbursement on participation costs for international MedTech forums and exhibitions, up to ₹10 lakhs per event. |
| Digital Health Incentives | 20% subsidy for companies developing digital health platforms and telemedicine services, encouraging innovation in remote healthcare delivery. |
Ease of Doing Business
Streamlined Approvals and Regulatory Support
Jharkhand is dedicated to simplifying the business process for MedTech investors and innovators. The state will introduce a Single Window Clearance System for MedTech projects, offering online applications and expedited regulatory approvals. Furthermore, the policy will streamline product approvals in collaboration with national regulatory authorities, ensuring that medical devices and healthcare solutions are quickly and safely brought to market.
Conclusion
Jharkhand Leading India’s MedTech Revolution by 2030
The Jharkhand MedTech Policy 2024 is a strategic initiative aimed at establishing Jharkhand as a global leader in medical technology and healthcare innovation. By attracting investments, promoting sustainable healthcare solutions, and developing a skilled workforce, the policy will position Jharkhand at the forefront of India’s transformation into a hub for MedTech innovation and high-quality healthcare.
Make in Jharkhand invites global MedTech companies, healthcare innovators, and investors to join this transformative journey and contribute to building a sustainable, innovative, and globally competitive MedTech ecosystem in Jharkhand.
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