The Government of India has removed discrepancies in the duty structure to boost manufacturing of medical devices.
Addressing a three-day ‘India Pharma 2017’ event organised by the central government along with industry body Ficci. Chemicals and Fertilisers Minister Ananth Kumar also announced setting up of a pharma-cum-medtech zone near Bangalore.
The minister called upon the companies to provide quality drugs at affordable rates to all section of the society.
“I would like to thank Prime Minister and finance minister for correction of inverted duty structure to give level playing field to medical devices sector. It is a big thing. It has already been done,” he said.
The medical industry, for long, has been demanding the government to do away with the duty anomalies.
Source: Media reports