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Technologically advanced solutions for treatment of diseases, scientific rigor & research has seen tremendous growth in therapeutic usage of medical devices [1]. The role of 'Make in India' initiative becomes of utmost importance as a driving force for technological advancement of medical devices industry [2]. However, challenges exists & need to be addressed in providing affordable healthcare by producing medical devices that are cost competitive and effective to increased access [2]. Asian Countries like Japan, China and South Korea are foremost in the Medical devices sector [3]. This paper probes the sustainability of 'Make in India' policy with the growth trajectory of Asian countries in medical devices discusses; ways of overcoming challenges through regulations, policies and other stakeholders contribution. [ABSTRACT FROM AUTHOR]

The important role-played by Small Scale Enterprises in promoting the economic development of India in recent decades especially in providing more jobs for rural people and bringing about a more equitable distribution of national income has been well recognizedWhile the majority of small enterprises depend on retained profit and informal source of credit for expansion, with growth in size, the need increases rapidly for external finance for working and fixed capital. In recent years, following the successful example of Japan, the Republic of Koria and India, in mobilizing and channeling finance to SSI, many schemes are experimented with a wide array of new financial institutions, instruments and innovations. The significant role that this sector plays in the development strategy of India’s economy is not only based on the fact of its being, labour-intensive and capital saving in character but also in 3 areas namely Production, Employment and Export. [ABSTRACT FROM AUTHOR]