Investments in R&D Crucial for Laboratory Instruments Market in India
The government, apart from strictly enforcing policies, must re-assess and reframe strategies to encourage manufacturing in India. Customized instruments to suit end-user requirements, and automation and hyphenation must be key areas of focus in the Laboratory Analytical Instrumentation space.
Multinationals with Local Presence Wanted
“Multinational companies need to build a complete manufacturing and R&D ecosystem to stimulate job opportunities, rather than merely importing from their worldwide facilities,” noted the analyst. “Academic institutions’ increased interaction with end-user companies will close the gap between practical training at the academic level and the expectations of businesses operating in the lab analytical instrumentation market.”
Overall, creating an accountable, reliable and self-sufficient ecosystem in the country is vital for market expansion.