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.
