India, Sept. 30 -- image credit- pib

An official Memorandum of Understanding (MoU) has been signed between the Department of Biotechnology (DBT), Govt of India and the Government of Uttar Pradesh. The agreement, executed through DBT's Biotechnology Industry Research Assistance Council (BIRAC) and the Uttar Pradesh Promote Pharma Council (UPPPC) is part of a centre-state partnership model to accelerate innovation, entrepreneurship, and investment in the pharma, biotech, and medtech sectors.

Currently there are around 800 Medical Device manufacturers in the country and India's annual growth of the medtech sector is 15 to 20%, said Dr Jitendra Singh,Union Minister of State (Independent Charge) for Science and Technology.

Officials said th...