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States » SouthPosted at: Jan 16 2021 12:31AM


MTAI urges govt to cut in customs duties, rollback health cess in Union Budget 2021-22

Hyderabad, Jan 15 (UNI) Medical Technology Association of India (MTaI), which represents leading research-based medical technology companies with large footprint in manufacturing and training in India, on Friday urged the government to promptly reduce customs duties and rollback health cess in the coming Union Budget 2021-22 to help the medical device sector overcome the severe financial crisis created by COVID-19 pandemic.
PricewaterhouseCoopers and MTaI in last month had released a whitepaper jointly on measures to control the spread of COVID-19 pandemic led to a sharp fall in revenues of hospitals, diagnostic centres, medical device firms and other constituents of the healthcare ecosystem.
The shortfall in revenues forced these firms to postpone or cancel their capital expenditure plans. “Projects to increase healthcare access have been hampered by the pandemic and could potentially see delays in the near future,” the whitepaper entitled ‘The MedTech Industry in India – COVID-19 and Beyond’ stated.
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Tags: #MTAI urges govt to cut in customs duties# rollback health cess in Union Budget 2021-22
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