Commerce and Industry Minister Piyush Goyal encouraged Indian medical technology startups to expand globally, leveraging India’s expanding free trade agreements and innovation ecosystem.

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• Commerce and Industry Minister Piyush Goyal urged medtech startups to expand globally, leveraging India’s free trade agreements that provide access to nearly 70% of global GDP.

• Over the past three years, India has signed nine free trade agreements covering 38 countries, offering zero-duty access for most Indian products.

• Key trade partners include the European Union, EFTA, UK, Australia, New Zealand, United States, Japan, South Korea and ASEAN economies.

• These agreements enable Indian startups to enter markets across Africa, Latin America, Central Asia, Southeast Asia and several advanced developed economies.

• India has more than 200,000 registered startups, reflecting a rapidly growing innovation ecosystem focused on affordable and scalable medical technologies.

• Several showcased startups have secured regulatory approvals from CDSCO, while some are nearing U.S. FDA clearance for global market entry.

• The government announced three new NIPER institutes, upgradation of seven existing ones, and a new NID in East India.

• Under the Pfizer INDovation Program 2025, fourteen healthtech startups received ₹60 lakh grants along with incubation, mentorship and clinical validation support.