Budget Reaction by Medical Device Industry
Mr Rajiv Nath, Forum Coordinator, Association of Indian Medical Device Industry (AiMeD)
“It is heartening to note the commitment from the Finance Minister Arun Jaitley in this budget regarding ‘regulations for medical devices in the country.’ However, the statement is too open-ended and the fine print is yet to be spelled out. We do hope the coming road map will be in sync with the Government’s larger commitment of ‘Make in India’ i.e to develop manufacturing eco-system for the medical devices in the country, boosting domestic industry while ensuring the healthcare security of the nation which implies that cost of medical devices need to be lowered.”
