Union Minister of Commerce and Industry Shri Piyush Goyal Calls for India to Emerge as a Global Medical and Healthcare Destination

Union Minister of Commerce and Industry Shri Piyush Goyal addressed the Pharma Machtech and Labnext Expo 2026 in New Delhi, calling for India to expand beyond its role as the ‘pharmacy of the world’ and emerge as a global medical and healthcare destination. Highlighting the expansion of India's free trade agreements covering economies with a combined GDP of around $60 trillion, he urged stakeholders to leverage international market access, strengthen the medtech startup and intellectual property ecosystem, and utilize the ₹1 lakh crore commitment for R&D and innovation. The Minister emphasized indigenization, supply chain resilience, shared testing infrastructure, and technology partnerships to boost merchandise and services exports, create jobs, and foster self-reliance in medicines and medical equipment.