Budget 2022 | CEOs Roundtable | Medical Device Industry Expectations

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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.

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