INVESTMENT IN RESOURCES TO IMPROVE STANDARDS

Seventy to 90 per cent of medical devices are imported. To ensure that patients get the same quality of product it is important that the government gives domestic manufacturers a strategic advantage, says AIMED.

If the dependency on imports is to be done away with, it is important to strive for quality in the domestic market. For this to happen we need transfer of technology, investment in human resources and also the standards that are presently being followed abroad.

An importer of medical devices in the city who supplies to corporate hospitals pointed out that there is continuous research and development in this sector and that requires a lot of investment. “For a domestic manufacturer to scale up to that level he will require financial and human resources. Healthcare is an evolving industry. Hence trade margins fixed today will also have to be revised from time to time.”