Commerce Minister Piyush Goyal urges Indian medtech startups to expand globally through trade pacts opening access to seventy percent GDP.

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• Piyush Goyal urged medtech startups to internationalise by using India’s free trade agreements to access major developed and emerging global markets.
• He said nine trade pacts signed in the past three years cover 38 countries, offering Indian products largely zero-duty entry.
• India’s agreements span the European Union, EFTA, UK, Australia, New Zealand, United States, Japan, South Korea and ASEAN economies.
• Startups were encouraged to join global fairs and exhibitions, with commerce ministry backing and assistance from Indian missions in over 190 countries.
• Goyal highlighted India’s 200,000 registered startups, stressing affordable and scalable medtech can significantly reduce healthcare costs worldwide.
• Several showcased startups secured approvals from Central Drugs Standard Control Organisation, with some nearing U.S. Food and Drug Administration clearance.
• The government announced three new NIPERs, upgrades to seven existing institutes, and establishment of a new NID in East India.
• Under the Pfizer INDovation Program 2025, fourteen healthtech startups received ₹60 lakh grants with incubation and mentorship support.