Prices of med tech components may decline

The Budget has reduced or removed the basic customs duty on components for medical technology items like X-ray tubes and flat panel detectors. This is a crucial step towards self-reliance and enabling access to care in a cost conscious, underpenetrated market.

AiMeD Forum Coordinator Rajiv Nath said: "We are thankful to the GoI for the reduction in duty on the import of components of X-ray equipment until these get to be produced in India. This enables continuity in investment in efforts to become a manufacturing hub of X-ray equipment globally."