Hyderabad, Feb 1 (UNI) While the Union Budget 2025 lays out a strong macroeconomic vision and policy direction, the medical devices industry has expressed disappointment over the lack of investment promotion measures for a sector heavily reliant on imports.
In a statement here on Saturday, Rajiv Nath, Forum Coordinator of the Association of Indian Medical Device Industry (AiMeD), appreciated the budget’s overall focus on economic growth, including initiatives to support manufacturing, MSMEs, and startups. He welcomed the government’s push for R&D and innovation, along with regulatory reforms aimed at reducing compliance burdens and decriminalizing certain laws.
However, he noted with concern that the budget speech did not address the long-pending demands of the medical devices industry, which continues to face challenges due to its 70 per cent import dependence.