Medical device makers plea for predictive tariff policy to promote domestic production

Medical device makers plea for predictive tariff policy to promote domestic production

Medical device makers urged for a predictive nominal tariff protection policy to encourage ‘Make in India’ and reduce the dependency of imports which currently accounts for 80 – 90% of the domestic requirement.

They also stressed the need to regulate all medical devices under a separate Patients’ Safety Medical Devices Law to protect patients and aid responsible manufacturing.

“India is one of the fastest-growing countries in the medical & healthcare sector. A pro-active policy formulation to regulate medical devices differently than drugs should permit free market dynamics to succeed and keep regulations simple, protecting consumers and incentivizing Make in India, ” said Rajiv Nath, the Forum Coordinator of Association of Indian Manufacturers of Medical Devices (AIMED)at the 26th edition of Medical Fair India being held from 05-07 March 2020, in Mumbai. .

The government must also ensure importers of Medical Devices are not kept out of the move to cap trade margins, the forum recommended.

Medical Fair India, is a trade fair for hospitals, health centres and clinics, was inaugurated by the British Deputy High Commissioner, Crispin Simon and convened by experts from the healthcare industry with a total of over 270 Indian exhibitors.

The event witnessed 4 major conferences including the 5th Voice Of Health care (VOH) international healthcare conference.

The convention held by Clin Lab India discussed in- vitro diagnostic, laboratory medicine, point of care testing and molecular medical diagnostics, and the future for hearth conference focused on digital transformation reconstructing healthcare.

The 10th Medgate Today awards felicitated the medical industry stalwarts in recognition of their contribution to the Indian medical industry.

The event also hoisted “Smart Hospitals” platform to help create opportunities by evolving newer smart ways of delivering healthcare.