It is encouraging that the government has not increased the import duty. 100 per cent automatic FDI route will continue and this is a very positive signal for investment in medical device industry.
Making “Buy India” policy mandatory without ensuring adequate preparedness of industry for local innovation and manufacturing could have been a serious issue for healthcare sector and the patients; we are happy that this has not happened…
Overall it’s a positive budget yet there are unfinished needs that have to addressed.