1. VIABILITY
Investors Invest if business is viable &
profitable
Correct Import Duties
Withdraw all Concessional Duty Notifications
Revert Basic Duty from 0 or 5% to 10%
Revert SAD from 0% to 4%
2. BUY INDIAN POLICY
Preferential Market Access & Pricing Policy
Public Health Procurement
Preferential Market Access
15% preferential pricing policy of Indian Origin
Devices
5% preferential pricing for IS:13485 certified
manufacturers
3. CONSUMER PROTECTION
Control Artificial Inflation (of MRP)
Control Artificial Inflation
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Enforce MRP on unit pack
Impose 1% Excise Duty on MRP
Impose Excise Duty on MRP less, over 50% abatement
4. REGULATIONS
Incorrect Regulations discourage Investments
Regulatory Framework
Separate Law Book
Separate Rule Book
Traders not be permitted to be called as
Manufacturers
Separate Regulatory Body or Revamped CDSCO
IHPRA - Indian Healthcare Products Regulatory
Authority
3rd Party Certification
Self Regulations
AIMED & QCI Initiative
Voluntary Certification
IC - MED 13485 Scheme
5. FOREIGN DIRECT INVESTMENTS
100% FDI restricted to Greenfield Manufacturing
Restrict 100% FDI to Green Field
In a Manufacturing (do not permit for trading)
At least 60% Turnover from Manufacturing
Ban Auto Route For Buying Indian Manufacturers
6. DEPARTMENT OF MEDICAL DEVICES
Coordinator & Nodal Interface - Facilitator
MINISTRY OF
HEALTHCARE PRODUCTS
7. PRODUCT DEVELOPMENT
Incentivise Innovation
Commercialising R&D
Forum for USERS, Developers & Manufacturers
Commercialization not Academic Acclaim
Bringing in Utility model, Expediting Patent
Application processing
Create SPV to own patents/IP infuse 100 million$
equity for R&D projects
THE VISION :
INDIA AMONGST TOP 5
MANUFACTURING HUBS OF
MEDICAL DEVICES
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