Express Healthcare

Medtech players respond to Budget 2025

National CoEs for skilling in partnership with global experts, and the exemption and concessional duty on essential medicines and bulk drugs initiatives highlighted

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Dev Tripathy, Head of Finance, Philips Indian Subcontinent

“The government’s initiatives in this year’s Union Budget are encouraging, particularly the establishment of National Centers of Excellence for Skilling in partnership with global experts, balanced approach on imports and Make in India to address critical care infrastructure, the focus on expanding cancer care and medical education and increasing FDI limits in insurance. These initiatives will be critical in addressing the growing needs of Healthcare such as staff burnout and easing the stress on caregivers, better care and affordability. Further, providing broadband to primary health centres is a great step towards enhancing access to care through telemedicine. National Framework for GCC, fund allocation towards Research, Development and Innovation with Private sector partnerships are expected to provide great opportunities for our talents to serve global needs. At Philips, we remain committed to partnering with the government and healthcare providers to accelerate innovation and improve patient outcomes.” 


Dr Mahendra Bhandari, CEO, Vattikuti Foundation 

“Mrs Nirmala Sitharaman’s Union Budget 2025-26 has placed a renewed focus on enhancing healthcare facilities for cancer treatment by announcing the establishment of day-care cancer care centres in all district hospitals within three years. The government would do well to reskill the hospital teams to run the daycare cancer centres. We also hope that the budget will pave the way for the affordability of robotic surgery.

What will come as an immediate relief for cancer and other critical disease patients and their families is the announcement to reduce the basic customs duty on 36 lifesaving drugs, especially considering that India ranks third in cancer cases worldwide, after China and the USA, according to the Global Cancer Observatory (GLOBOCAN).

The healthcare industry hopes that the announcement of adding 75,000 medical college seats over the next five years will place much-needed emphasis on producing medical graduates who have access to advanced, new-age tools and have demonstrated mastery in the use of AI and other novel techniques that transcend traditional approaches deliver better patient outcomes.”


Sachidanand Upadhyay, MD, Lord’s Mark Industries 

“The government’s focus on strengthening India’s healthcare infrastructure under the Viksit Bharat vision is commendable. The establishment of daycare cancer centres across all district hospitals and 200 cancer centres in FY 2025-26 will significantly improve access to life-saving treatment for patients across the country. Additionally, the exemption and concessional duty on essential medicines and bulk drugs will make critical treatments more affordable, especially for those battling cancer, rare diseases, and chronic conditions. These measures will provide much-needed relief to patients and help build a more resilient healthcare ecosystem. We fully support these initiatives and remain committed to delivering high-quality, cost-effective healthcare solutions to ensure every Indian has access to life-saving treatments.”

 

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