Budget 2022 | CEOs Roundtable | Medical Device Industry Expectations

Ahead of the Union Budget 2022 presentation by Finance Minister Nirmala Sitharaman, mojo4industry, in association with Association of Indian Medical Device Industry (AiMeD), conducted a thought-provoking LIVE CEOs Roundtable on what Indian medical devices industry expects from the upcoming budget. Here are the key highlights of the session:

Speakers

• Jatin Mahajan, Managing Director, J Mitra & Co Pvt Ltd
• Gurmit Singh Chugh, Managing Director, Translumina Therapeutics
• Ganesh Sabat, CEO, Sahajanand Medical Technologies Ltd

Moderator

• Dr Rajiv Chhibber, Vice President External Affairs, Sahajanand Medical Technologies Ltd and Jt. Coordinator, Govt. & Public Affairs, AiMeD

Key takeaways:

• Implementation of National Essential Diagnostic List
• Address inverted duty structure to encourage domestic manufacturing
• Reduce duty on the raw materials to as low as possible
• Need to increase the amount allocated to Ayushman Bharat Scheme
• Expand Ayushman Bharat Scheme coverage particularly for lifesaving areas
• Expand Ayushman Bharat Scheme eligibility criteria
• R&D subsidies on medtech innovation
• Focus on single window clearances and ease of doing business.