India-UK FTA draws mixed reactions from medtech leaders amid hopes for trade, innovation, and regulatory clarity

Industry experts from India’s medical devices sector have responded with a mix of optimism and caution to the recently announced India-UK Free Trade Agreement (FTA). While some see the agreement as a strategic step forward for the MedTech ecosystem, others urge scrutiny of its finer details to ensure it does not undermine domestic manufacturing. The deal, which includes provisions for tariff reductions, regulatory harmonisation, and technology collaboration, is being viewed as a potential game-changer for bilateral trade in medical devices—an industry projected to grow from $12 billion to $50 billion by 2030