FDAnews Device Daily Bulletin

MEDICAL KIT SECTOR RULES OUT NEW INVESTMENTS

March 28, 2006
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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.
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