Govt considering to let US companies make medical devices in
The government is weighing a proposal to ask American companies to produce medical devices in India that will reduce the prices.

This has been one of the major issues holding back a trade deal. India’s price control on medical devices became a sticky issue with the US stressing on lifting the mechanism for coronary stents and knee implants.

“We can treat them as ‘special products’ with a condition to produce in India in future and pay the price difference directly to American companies – only for those patients who will avail them under Ayushman Bharat,” according to Bipul Chatterjee, executive director of CUTS International, a global public policy research and advocacy group with presence in capital cities like Washington DC.

India’s medical device imports jumped 24% to Rs 38,837 crore in FY19, according to the latest export-import data. The US is the largest exporter of medical devices to India, constituting one-fifth of the pie, followed by Germany, China, Singapore and the Netherlands. India slashed prices by 85% and capped the trade margins for coronary stents in 2017 and followed it up with a round of price control on knee implants.

Source: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/govt-considering-to-let-us-companies-make-medical-devices-in-india/articleshow/71344579.cms
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