India’s Medical Device Sector Disappointed With No Tariff Changes: AiMeD

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We hope that the details of the Union Budget may have acted on our recommendations on Make in India Push’s predictable tariff policy.

Rajeev Nath, Forum Coordinator of the Indian Medical Device Industry Association (AiMeD), welcomed the 2021 union budget, citing positive features such as increased spending, saying: PM Atmanirbhar Swastha Bharat Yojna, PLI Scheme, Health Infra Assignment, Emerging Infectious Diseases and a major Philip to healthcare by focusing on Health Labs will definitely address the major gaps. “

In a statement to the media, he finally said, “There may be something that will help accelerate the manufacture of medical devices as a Make in India enabler to address India’s national security concerns. -Its insufficiency was at stake and prepared for the coronavirus epidemic. Details on medical device tariffs and cheaper and more convenient imports than manufacturing hindered manufacturing in India. I look forward to reading many related exemption withdrawals. “

Nath, who is also Jt, however, the managing director of Hindustan Syringes & Medical Devices expressed disappointment as the sector wanted this to be Atmanirbhar Bharat’s Make in India push budget.

“FM emphasizes the need to support manufacturing as part of the global supply chain and to grow on a double-digit sustainable basis, but the Indian medical device industry has changed tariffs. Disappointed with not being aware of. Other sectors and we are predictable by Make in India, where details of the coalition budget will drive the phased manufacturing planning and allocation of test infrastructure for components and finished medical devices. We are very much looking forward to acting on our recommendations regarding tariff policies regarding medical technology parks and cluster development. “

He states: “Helping India’s medical device industry make quality healthcare accessible and affordable to the general public, make India one of the top five medical device manufacturing hubs in the world, and end its 85% dependence on imports. Policy is needed. Import bills over 42,000 rupees continue to grow, forced by us. “

Jatin Mahajan, MD, J Mitra & Company and Co-Coordinator – IVD (AiMED): Expected to coordinately focus on creating the right ecosystem and environment

Similarly, Jatin Mahajan, MD, J Mitra & Company and co-coordinator – IVD (AiMED) pointed out that the budget lacks details focused on the Indian-made and medical device segment, and in his opinion the combined budget is It seems to be different.

He increased the overall health budget by 137%, government plans to establish an integrated public health institute, and other schemes, as well as further strengthening of PLI schemes that could benefit health care manufacturing. I highly appreciated the measures taken by. Segment too.

Mahajan also praised the efforts to boost startups and the MSME segment. This will also have a positive impact on the healthcare segment. Unsecured loans, funding for established funds, and restructuring of the MSME definition all boost the manufacturing sector, which has a positive impact on the healthcare sector.

But like Nath, he pointed out: “The lack of detail is the focus on the Make-in-India and medical device segments. We were looking forward to changes in the tariff structure in favor of our own companies, but this has not been addressed. It also seemed to be expected to coordinately focus on creating the right ecosystem and environment. Medical device manufacturing hubs are technological upgrades to improve sustainability and economies of scale. It provides the right combination of common infrastructure, equipment, and subsidies for, but at first glance this doesn’t seem to be a priority. “

India’s Medical Device Sector Disappointed With No Tariff Changes: AiMeD

Source link India’s Medical Device Sector Disappointed With No Tariff Changes: AiMeD

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