This concept paper, prepared with the active consultation of members of the CII Medical Technology Council, is an interim review of the progress made by the medical technology sector. This is an attempt to provide an insight into the various updates on regulatory, technology and the market fronts in the Indian medical technology sector. The industry currently is heavily import oriented but shares a common vision to continue providing high-end and proven technology products, at affordable cost. The removal of existing barriers for growth will ultimately lead to increased investment into the Indian market by domestic and global players alike, whether in the form of local manufacturing, fostering R&D and innovation, partnerships for skill development, among other things. The paper was released at 9th Medical Technology Conference held on 2 September 2016 in New Delhi.