MEDICAL KIT SECTOR RULES OUT NEW INVESTMENTS
Expressing concern over the increase in the customs duty rates (proposed in the Budget) on
medical instruments, devices and clinical diagnostic products, the Managing Director
of Metropolis Health Services and President of the Association of Medical Devices
and Diagnostic Suppliers of India (AMDDS), Dr G.S.K. Velu, said the industry could
ill-afford to invest in home-grown initiatives, because multinationals were trading
their products here through 100 per cent trading subsidiaries.