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Panel to reform drug pricing authority packed with industry representatives | India News

SS Innovations Flagship SSi Mantra Surgical Robotic Device Successfully Completes Telesurgery Procedures

SS Innovations Flagship SSi Mantra Surgical Robotic Device Successfully Completes Telesurgery Procedures
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SS Innovations Demonstrates Groundbreaking Telesurgery Platform at Company s First Multi-Specialty Robotic Surgical Conference -February 01, 2024 at 08:31 am EST

Local medical device makers bat for 15% import duty

Domestic medical device makers urge the government to impose up to 15% import duty to reduce reliance on inbound shipments. Imports have increased by over 21% in the past 12 months, reaching ₹61,000 crore. The industry specifically highlights the steep increase in imports from the US, Germany, the Netherlands, China, and Singapore. To address this, the industry calls for a predictable tariff policy, correction of inverted duty, and the imposition of a 5% health cess on remaining medical devices. They also expect an increase in custom duty to a nominal 10-15% in the Budget.

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