Indian medtech startup rings bell in NY, celebrates Nasdaq debut
The ceremony was led by Dr Sudhir Srivastava, Founder, Chairman, and CEO of SS Innovations International, joined by members of the company's management team, Board of Directors, key advisors, and special guests. This milestone marks a proud moment for India, underscoring the nation's growing leadership in advanced medical technologies and heralding a new era of innovation and international recognition for Indian-origin healthcare solutions.
SS Innovations International has made remarkable progress with its clinically validated and patented SSI Mantra Surgical Robotic System, which has been installed in 80 hospitals across 75 locations in India. The company has also expanded its presence internationally to countries including Nepal, Ecuador, Guatemala, the Philippines, Indonesia, Sri Lanka, Colombia and Ukraine. With over 4,000 successful robotic surgeries completed across more than 100 surgical procedures, the SSI Mantra is transforming access to advanced robotic surgery by offering a cost-effective solution to a broader patient population.
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Mint
25 minutes ago
- Mint
Telecom testing just got cheaper as govt slashes certification fees by up to 95%
India has slashed the security certification fee for telecom equipment makers, the latest in a series of regulatory moves to ease business compliance requirements for companies importing or making telecom and tech equipment or products indigenously. Companies such as Nokia, Ericsson, Cisco Systems Inc., HFCL Ltd, and Dixon Technologies (India) Ltd will benefit from the government's decision to cut the fee by up to 95% for more than 50 categories of telecom and tech products. These include routers, connected devices, satellite equipment, smart meters, optical fiber cables, and 5G and WiFi gear, according to a government official and an internal document reviewed by Mint. 'Testing of telecom equipment is a key requirement," the official said, declining to be identified. 'The current downward revision in pricing pertains to the fee paid by the companies to the government to get certification, which is also known as security test report evaluation fee." A telecom or tech equipment maker or importer needs to engage a lab designated by the government to test its products and ensure the devices are safe for users and secure for communication networks. The government will later issue a security certificate if satisfied with the lab's report. Effective 1 August, the cost for this certification has been slashed to ₹10,000-50,000 per equipment model from ₹2-3.5 lakh. The National Centre for Communication Security (NCCS) on 30 June circulated a note to Department of Telecommunications officials informing about the reduction in the security test report evaluation fee. 'On an average, the overall cost for testing comes to ₹60-65 lakh per unit, which largely includes the third-party lab-testing costs," said Paritosh Prajapati, chief executive and founder of Sweden-based broadband equipment maker GX Group, which is a beneficiary of India's productivity-linked incentive scheme for the telecom sector. 'While this reduction in certification fee now is a breather, there is also a need for the government to increase testing labs and increase their capacity," he added. A time-consuming process The relaxation in testing and certification costs for telecom companies comes at a time when India is engaged in key trade negotiations with the United States, even as the US announced a 25% tariff plus a penalty on Indian goods from 1 August. In March, the US Trade Representative (USTR) had raised concerns about India's testing and certification system. The concerns included limited testing capacity, a slow and complex registration process, cancellations over non-safety issues, and high compliance costs. 'The US government has recommended that the Indian Government recognize internationally accredited labs, harmonize labeling requirements withglobal practices, harmonize the validity period of test reports and certification, and eliminate retesting requirements," USTR said in its report. India has seven designated telecom security testing labs, and has issued 92 security certificates so far, NCCS data show. HFCL, Cisco, Dixon Electro Appliances, and Hewlett Packard Enterprise, among others, have applied and received security certifications for different products. While India launched the Communication Security Certification Scheme in 2020 to streamline the process, there have been delays in implementing rules related to certification. Also, as telecom equipment makers raised complaints about inadequate testing capacity and a cumbersome registration process, the scheme has not been universally applied across the telecom ecosystem. While the government's decision to reduce the security certification fee will help the industry, 'the more challenging part is the time consumed in this process of testing, which also needs to be brought down", said Konark Trivedi, founder and managing director of telecom equipment maker Frog Cellsat Ltd. The industry also needs a system to ensure that every equipment entering the country meets the government's security criteria, he added. Ease of doing business, but at what cost? Apart from a security certificate, telecom companies are also required to obtain a trusted source certification from the National Security Council Secretariat, and mandatory testing and certification of telecom equipment, which is issued by the Telecommunication Engineering Centre. On 7 April, the National Centre for Communication Security excluded products related to optical network terminals and optical line terminals from mandatory testing and security certification, and including them under the voluntary security certification regime till 31 August. NCCS also waived administrative and security test evaluation fees for the period. An optical line terminal is the main device at a telecom provider's end that manages data flow over fiber networks. An optical network terminal is the device at the customer's home that converts fiber signals into internet and other services. The fee reductions were part of the government's efforts towards improving ease of doing business in India for global telecom equipment makers. On 15 July, Mint reported that India had dropped its demand that telecom equipment suppliers hand over proprietary source code, a key piece of software that controls the working of an equipment. Instead, manufacturers are required to provide just a summary of internal security test results. However, local gear makers expressed concerns sustained pressure from multinational companies may have influenced the government's decision to relax its source code sharing and certification requirements.
Hindustan Times
25 minutes ago
- Hindustan Times
Session on children's blood disorder begins
Midterm PHOCON 2025 - an Indian academic platform in Pediatric Hematology and Oncology - began in Noida on Thursday with two focused pre-conference workshops at the Super Speciality Paediatric Hospital and Post Graduate Teaching Institute (SSPHPGTI), officials informed on Friday. The 2025 edition is being hosted in Noida from July 31 to August 3 (HT Photo) The 2025 edition is being hosted in Noida from July 31 to August 3, with participation from senior faculty, clinicians, nurses, and researchers from across the country and abroad. The opening day of the conference saw over 230 delegates take part in two parallel workshops - one on thalassemia care and the other on long-term hemophilia management, said officials. 'Midterm PHOCON serves as a vital platform to bridge the gap between clinical experience and emerging research in pediatric hematology and oncology. Through focused workshops and academic discussions, we aim to strengthen capacity across treatment centers in India', said organising chairperson, Midterm PHOCOM 2025, Dr Nita Radhakrishnan. Officials informed that the workshop titled 'Transfusion Matters in Thalassemia' was held in collaboration with the Thalassemia International Federation and Thalassemics India to explore crucial aspects of thalassemia care such as immunohematology, transfusion-transmitted infection screening, and the operational setup of daycare transfusion centres. 'Events like Midterm PHOCON play a key role in improving child health outcomes nationally. The conference brings together the best minds in the field, and I urge all delegates to take full advantage of this opportunity', said director SSPHPGTI, Noida, Prof AK Singh. The event also consisted of live demonstration of ThalTrack, a data management and hemovigilance software developed at SSPHPGTI, which aims to support safer transfusion practices. The workshop was coordinated by Dr Seema Dua, Dr Satyam Arora, Dr Pokhrel, and Dr Zaibaish Khan, officials said. Running alongside, the second workshop, titled 'From Bleeds to Balance – Multidisciplinary Strategies in Long-Term Hemophilia Management', focused on holistic approaches to hemophilia care. Sessions emphasised the integration of physical therapy, mental health support, home-based care, and newer therapies. Attendees also participated in hands-on joint assessments and rehabilitation techniques. The workshop was coordinated by Dr Archit Pandharipande and senior nurse Priyanshi Tyagi. The workshops laid a strong foundation for the upcoming scientific sessions, which will be held over the next two days at SSPHPGTI Noida and Radisson Blu, Noida.
Time of India
25 minutes ago
- Time of India
Trump slaps 25% tariff on all Indian goods; exports worth $85 billion at risk
The United States has levied high tariffs on India, potentially affecting a significant portion of Indian exports. This move places India among the most heavily penalized nations under the new tariff regime. Ongoing trade negotiations between India and the US aim to address these concerns. The Indian government downplays the impact, emphasizing its commitment to protecting national interests. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The US has imposed an across-the-board 25% tariff on all Indian-origin goods, effective August 7, along with penal duties on scores of other countries. The duties range from 10% to 41%. India 's competitors, including Pakistan, Vietnam, Bangladesh and Turkey, were levied lower tariffs of 15-20%. The steep duty could hurt nearly half of India's exports of more than $85 billion to the US. This measure, part of a new executive order issued by US President Donald Trump on July 31, places India among the most harshly treated countries in the new tariff regime, of fering no product-level exemptions even for sectors deemed critical, such as pharmaceuticals, energy and the order mentions that tariffs may be reduced once countries do a deal with the US. India and the US are currently in negotiations over a trade accord. Indian government officials played down the measure's impact and added that New Delhiwill not be pressured into giving any duty exemptions on agricultural, dairy and genetically modified (GM) products in trade pacts.'The impact (of the tariff) will not be very big. More than half of India's exports to the US are expected to remain unimpacted. Due to the Section 232 exemption of the US, exports worth about $40 billion would be impacted with these tariffs,' said an has been intensifying his rhetoric against India in the past few days. New Delhi, though, has said it will take all necessary steps to safeguard its national interest, besides pointing out that the country's economy—the fastest-growing major one —was a bright spot amid global Indian goods , such as pharma and electronic goods, are already in the exemption category of the US and would not attract any duty, he said the tariffs will not have any adverse effect on the economy and India will not come under pressure. 'The GDP loss likely to be less than 0.2% in the worst case scenario. Exports may fall slightly, but most of the goods exported to the US will not be subject to tariffs,' said the official.'India is giving top priority to its interests, There will be no compromise on agriculture, dairy, GM crops… (considering) religious sentiments. There will be no compromise on non-veg milk and beef,' said another official. 'No adverse effect will be allowed on the interests of Indian farmers.' Commerce and industry minister Piyush Goyal will meet exporters from textiles, engineering, pharmaceuticals, steel, IT and chemicals, from August 2-3 in Mumbai to discuss the implications of the 25% tariff. Similar stakeholder consultations would be held in New Delhi the next have been seeking immediate rollout of Interest Equalisation Scheme for pre- and postshipment export credit, and market support for goods meant for the US. The government should absorb some of the cost disabilities due to the tariffs, said the Federation of Indian Export Organisations (FIEO).'We expect $45-47 billion of exports to get impacted by this move,' said Ajay Sahai, director general of FIEO. The US was India's largest export destination in FY25, with shipments valued at $87 billion, accounting for about a fifth of the $437 billion and the US have been negotiating a bilateral trade agreement (BTA) since March and aim to conclude the first tranche of talks by October. The US has been pressuring India to allow farm, dairy and GM imports as part of the pact. So far, five rounds of talks have been completed. The sixth round of talks will be held from August official cited earlier insisted that animal feed is used in the dairy sector in the US, and that New Delhi has never given any duty concessions in any of its earlier trade pacts on its imports. 'There are religious sentiments… so it is not acceptable,' the person said. 'There will be no compromise on these segments in any of India's trade pacts.'Another official said that certain segments, such as gems and jewellery, will not be impacted much as these are region-specific. 'If American consumers buy jewellery which is made in Rajasthan, then that demand would not get impacted much,' the official said that the new order puts India at a disadvantage relative to some of its rivals that face lower tariffs. Trump has also threatened an unspecified penalty levy to be imposed on India for doing business with Russia. 'The implications of the recent development are being examined. The ministry of commerce and industry is engaged with all stakeholders, including exporters and industry for taking feedback of their assessment of the situation,' commerce and industry minister Piyush Goyal said in his statement in Parliament on per the order, countries have been subject to tariffs ranging from 10% to over 41% with differential rates based on geopolitical risk, economic alignment, and trade volume. 'Many trading partners have been constructive, bold, and visionary in their commitment to this fundamental change initiated by the President,' US Trade Representative Jamieson Greer said on the executive order. 'This new trading system will lower the US trade deficit and lead to better outcomes for American workers, their families, and their communities. In the coming weeks, this new system will begin to take shape, as the Trump administration works with trading partners on a common path to shared prosperity.'The EU has been granted a special concession. If the existing US most favoured nation tariff on an EU product is below 15%, total tariff will rise to 15%. However, if the MFN tariff is already 15% or higher, no additional duty will be charged. Those that have been hit by the highest Trump tariffs are Iraq and Serbia (35%), Switzerland (39%), Laos and Myanmar (40%), and Syria (41%).
