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Medical devices

Making medical devices locally needs more than a diktat to succeed

The government wants domestically sourced components to account for 25%-50% of the cost of medical devices it procures. Such a move could disrupt supplies and access to life-saving devices. Manufacturers are already seeing red.
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anujgupta
20 Jul 2018 9 Mins Read 0 comment
The artificial leg of a homeless amputee sticks out from under a blanket while he sleeps on a pavement in Mumbai; Andrew Holbrooke/Getty Images Getty Images
The artificial leg of a homeless amputee sticks out from under a blanket while he sleeps on a pavement in Mumbai; Andrew Holbrooke/Getty Images
"The Moving Finger writes; and, having writ, Moves on: nor all thy Piety nor Wit Shall lure it back to cancel half a Line, Nor all thy Tears wash out a Word of it." ― Omar Khayyám Indian policymakers write elegantly. Their thesis is often as compact and as cryptic as any from theoretical physics. Theories
held by domestic manufacturers — the policy architecture should help create global competence," says Das. "When it comes to sophisticated high-risk medical devices, create an advisory board of maybe 10 global CEOs and seek their guidance [to improve] India's competitiveness. Offer them corporate tax subvention to motivate them to bring new technologies to India. It cannot be a one-size-fits-all policy."
"The Moving Finger writes; and, having writ, Moves on: nor all thy Piety nor Wit Shall lure it back to cancel half a Line, Nor all thy Tears wash out a Word of it." ― Omar Khayyám Indian policymakers write elegantly. Their thesis is often as compact and as cryptic as any from theoretical physics. Theories held by domestic manufacturers — the policy architecture should help create global competence," says Das. "When it comes to sophisticated high-risk medical devices, create an advisory board of maybe 10 global CEOs and seek their guidance [to improve] India's competitiveness. Offer them corporate tax subvention to motivate them to bring new technologies to India. It cannot be a one-size-fits-all policy."

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