The Korea Institute for International Economic Policy (KIEP) held a visiting scholar’s seminar with Dr. Ram Singh from Indian Institute of Foreign Trade, India at the KIEP conference room in Sejong on July 5, 2023. Dr. Ram Singh has participated in the KIEP Visiting Scholars Program for one month. The seminar was organized to share results of research activity conducted over her visiting period, jointly with other researchers at KIEP. 

Dr. Ram Singh presented his ongoing project, “India’s Medical Devices Policy-2023: A Window of Opportunity for Republic of Korea Investors”, in this seminar. Dr. Ram Singh briefly explained evolving business landscape for medical devices in India and policy incentives of medical devices sector. India’s Medical Devices Policy-2023 aims to ensure safety and quality assurance, simplify registration and regulation, observe post-market surveillance, monitor price control and affordability, nurture innovation and research, establish regulatory harmonization, and promote capacity building and training. He also provided business success roadmap for Korea’s medical device manufactures in India in aspects of appraising regulatory framework, entry strategy, foreign strategic partnerships, localization and manufacturing, and interacting and expanding. 

KIEP experts including Dr. Kwon Hyung Lee, Deputy President of Center for Area Studies, Dr. Jeong Gon Kim, Dr. Hyoungmin Han, and Dr. Kyunghoon Kim from India and South Asia Team attended the seminar and discussed the findings covered in the presentation. 

- Topic: India’s Medical Devices Policy-2023: A Window of Opportunity for Republic of Korea Investors 

- Date & Time: July 5 (Wed) 10:30-11:30 

- Venue: KIEP meeting room 201 

- Speaker: Ram Singh, Professor, Indian Institute of Foreign Trade, India

- Contact: Injee Yoo, Senior Researcher, Center for Area Studies (ijyoo@kiep.go.kr)