MedTech Capital fund launched to boost medical device innovation
Union Commerce and Industry Minister Piyush Goyal launched a MedTech Capital fund to accelerate innovation, research, and manufacturing in India’s medical device sector.
The initiative is a partnership between Andhra Pradesh MedTech Zone (AMTZ) and MedArtha Capital. It will provide growth capital and strategic support to emerging medical device companies. In addition, it aims to strengthen domestic manufacturing and build globally competitive MedTech firms.
Speaking at the launch, Goyal described India’s MedTech sector as a “sunrise opportunity.” He also noted the country’s expanding talent pool and growing awareness of preventive healthcare.
“Platforms like this bridge the gap between innovation and capital. As a result, startups can scale faster, advance research, and strengthen manufacturing across the medical technology value chain,” he said.
Ganesh Sabat, Managing Partner at MedArtha Capital, said global MedTech companies need the right mix of capital, expertise, and infrastructure. According to him, access to specialised facilities such as Andhra Pradesh MedTech Zone is critical.
“Our operator-led investment platform works closely with entrepreneurs. Through this approach, we aim to build globally competitive medical device companies from India,” he said.
Dr. Jitendra Sharma, Managing Director and Founder-CEO of Andhra Pradesh MedTech Zone, said Indian MedTech entrepreneurs are already driving strong innovation. At the same time, he said platforms like this can help build the next generation of global medical technology firms.
“With strong engineering capability, clinical expertise, and cost-efficient manufacturing, India can produce globally significant medical device companies,” he said.
Meanwhile, the launch also featured a panel discussion on strengthening India’s MedTech ecosystem. Speakers stressed collaboration between investors, innovators, manufacturers, and policymakers.
Niraj Shah of NDTV moderated the session. Panellists included Swati Bansal of the National Investment and Infrastructure Fund, Bhargav Kotadia, Managing Director and CEO of SMT, and Abhishek Kabra, Managing Director at Samara Capital.
Overall, industry leaders said India can emerge as a hub for high-quality, cost-effective medical devices as global demand for medical technologies continues to grow.