Mr Rajiv Nath, Forum Coordinator, Association of Indian Medical Device Industry (AiMeD)
Applauding Govt’s achievements, in the year 2017, Mr. Rajiv Nath, Forum Coordinator, AiMeD said “Even though the year 2017 witnessed significant developments in the medical devices sector but there is an urgent need for the Govt. to accelerate further reforms and supportive measures in the year 2018 inorder to boost medical device manufacturing within the country, reducing huge import dependency in this sector which is still at 70-90%, minimizing outgo of foreign reserves, and making quality healthcare affordable and accessible to the masses at large.
Predictable Tariff Strategy for Investors:
“To implement “MAKE IN INDIA” on ground and exploit potential effect on exports, and the 70% import dependent, over $10 billion Indian Market of Medical Devices domestic manufacturers seek a long term and predictable tariff strategy for investors who will only invest if they find it viable and profitable to manufacture Medical Device in India”– Mr. Rajiv Nath, Forum Coordinator (AiMeD)
Basic Custom Duty (BCD) on Medical Devices having export turnover of more than: