Mumbai, October 6, 2023: India and Taiwan have embarked on a new collaboration to develop and promote innovative solutions for the health tech sector. The International Trade Administration, Government of Taiwan and Commerce Development Research Institute (CDRI) as executing arm of the Taiwan Government have partnered with EMPI Institutions and its Atal Incubation Centre-EMPI as India partner to organize a series of B2B meets and strategic partnerships between Indian and Taiwanese health tech companies. The first round of such meet was held at Hotel JW Marriott, Juhu, Mumbai on October 6, 2023. The programme is supported by the Taiwan Government under the WoW! Taiwan Project.
The event was attended by Ms. Yu-Chi Chen, Director, Economic Division, Taipei Economic and Cultural Center in India, Mr. Pankaj Saran, President, EMPI Institutions, Mr. Jayant Kumar, Deputy Drug Controller (India), West Zone, Mr. Amit Gosiya from Meril Life Sciences and Mr. Rajeev Srivastava from Tata Digital Health. The chief guest for the event, Mr. Jayant Kumar, welcomed the initiative and spoke about India’s focus on Medical Devices with opportunities to Make in India. He also highlighted the Government of India’s Aayushman Bharat Digital Mission - one of the world’s largest flagship digital healthcare programmes that aims to provide universal health coverage to all citizens.
Ms. Yu-Chi Chen, Director, Economic Division, Taipei Economic and Cultural Center in India said “India is a crucial economic and trade partner for Taiwan and that Taiwan has a lot to offer in terms of health tech solutions. Wow! Taiwan Project has gathered some of the finest Taiwanese companies to present three major solutions tailored to India’s Health Tech needs, which include “Medical Equipment & Solution,” “Assistive Devices” and “Telemedicine.” I hope that the event would pave the way for more cooperation and exchange between the two countries in the health tech sector.”
Mr. Pankaj Saran, President, EMPI Institutions, who has been a proponent of innovation through various national impact initiatives across various sectors, believes that Indian and Taiwan are natural partners to build 21st century health-tech innovation.
The event also featured keynote addresses by Meril’s Mr. Amit Gosiya and formerly Tata Digital Health’s Mr. Rajeev Srivastava on “The Indian Medical Devices Sector-Trends & Opportunities” and “Emerging Trends of Telemedicine in India & aim of Ayushman Bharat Digital Mission (ABDM)” respectively. They shared their insights and experiences on the current scenario and future prospects of the health tech industry in India.
The highlight of the event was the B2B meet where leading medical device manufacturers from Taiwan showcased their products and services to potential Indian partners. CEOs/MD/Director of various Indian reputed healthcare and medical device manufactures / distribution network and other healthcare business representatives across India participated in the meet. Innovators and start-ups were also invited to the event to provide them with an international business platform for collaborative opportunities with Taiwanese start-up companies.
Apart from the main event, the delegation on October 4 & 5 also visited two leading hospitals of Mumbai, P D Hinduja and Hiranandani where they met the top management and saw their healthcare and research activities. They also met the Indian Medical Association, Western region, where they met the President, Vice President, Secretary and other top Doctors who explained India’s needs for Health tech, especially affordability.
EMPI India is a business school in New Delhi that offers courses in management, innovation, AI, and more. It was founded in 1994 by professionals from different fields and has been praised by former President Kalam. EMPI also engages in think-tanking, sustainability, and hi-technology initiatives
About WOW Taiwan
Wow! Taiwan is a government-funded project that showcases Taiwan’s products and solutions in various fields, including health tech. Health tech suppliers offer telemedicine, medical equipment, and assistive devices that are real time, safe, precise and effective. Wow! Taiwan also connects buyers and suppliers for co-operation in technology transfer and distribution.