R.I.P (2020-2022)
Business Today India|August 21, 2022
ONCE IN SHORT SUPPLY DURING THE PEAK OF USED IN THE PANDEMIC, VITAL PARAPHERNALIA THE PREVENTION AND TREATMENT OF COVID-19 REMAIN UNSOLD OR UNUSED, PUTTING MANUFACTURERS IN A SPOT
NEETU CHANDRA SHARMA
R.I.P (2020-2022)

RAMBA SINGH, A DELHI-BASED medical equipment distributor, is eagerly waiting to free up space in his warehouse, now occupied by over a dozen oxygen concentrators that he bought in March 2021 when India was reeling under the second wave of the Covid-19 pandemic. The Chinese concentrators, which Singh had bought from domestic companies for ₹25,000 each and rented out for at least ₹10,000 a day to Covid-19 patients, haven’t been used for over a year. “Since there is no demand, I offered these to small local hospitals at throwaway prices, but they didn’t want them,” says Singh, who plans to donate them to charity since he has already recovered their cost.

Ventilators, oxygen concentrators, personal protective equipment (PPE) kits, oxygen cylinders and many other items that were considered life-savers during the initial days of the pandemic are now gathering dust at hospitals and manufacturing units. These commanded premium prices when Covid-19 was at its peak, but with the infection curve seeing a downward trend after December 2021, these products are no longer in demand.

CHALLENGING TIMES

“These are very challenging times for manufacturers of Covid-19-critical medical devices who had invested in plants and production lines for FFP2 (N95-equivalent) masks, surgical masks, oxygen therapy (ventilators, oxygen concentrators, high nasal flow oxygen equipment), syringes, etc., as demand has ebbed sharply and manufacturers are left with huge capacities of plant and machinery and unsold inventories,” says Rajiv Nath, Forum Coordinator, Association of Indian Medical Device Industry (AiMeD).

هذه القصة مأخوذة من طبعة August 21, 2022 من Business Today India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 21, 2022 من Business Today India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS TODAY INDIA مشاهدة الكل
"IF ANYONE WANTS TO INVEST, COME TO HYDERABAD"
Business Today India

"IF ANYONE WANTS TO INVEST, COME TO HYDERABAD"

Telangana CM Revanth Reddy's global ambitions, AI, green energy, and how Hyderabad is positioning itself as a premier business and innovation hub

time-read
2 mins  |
February 16, 2025
Where Food Meets Magic
Business Today India

Where Food Meets Magic

THE FOOD AT THE ROCA BROTHERS' RESTAURANT IN GIRONA TRANSCENDS THE ORDINARY TO BECOME PURE MAGIC

time-read
4 mins  |
February 16, 2025
"INDIA SHOULD CONSIDER LAND POOLING MODEL"
Business Today India

"INDIA SHOULD CONSIDER LAND POOLING MODEL"

Andhra Pradesh (AP) minister Nara Lokesh talks about what governments can learn from the state about overcoming the land availability challenge

time-read
1 min  |
February 16, 2025
Breaking Barriers: The Extraordinary Journey of Pulkit Prakash
Business Today India

Breaking Barriers: The Extraordinary Journey of Pulkit Prakash

In an era where success often seems predetermined by privilege, Pulkit Prakash's journey from modest beginnings to legal eminence challenges conventional narratives. His remarkable transformation into the founding partner of Niti Bodh, a prestigious law firm, demonstrates how unwavering determination can reshape destinies.

time-read
2 mins  |
February 16, 2025
"Keep the company's imperatives in mind first"
Business Today India

"Keep the company's imperatives in mind first"

Westlife Foodworld Limited is a fast food restaurant holding company

time-read
1 min  |
February 16, 2025
Beyond the Scalpel: How Dr. Unmesh Takalkar Revolutionized Healthcare in Central Maharashtra
Business Today India

Beyond the Scalpel: How Dr. Unmesh Takalkar Revolutionized Healthcare in Central Maharashtra

In an era where medical excellence often leads to overseas opportunities, one doctor chose a different path - transforming his homeland's healthcare landscape instead of seeking personal fortune abroad. Dr. Unmesh Vidyadhar Takalkar's journey from a bright medical student to a pioneering healthcare visionary in Marathwada stands as a testament to the power of purpose-driven leadership.

time-read
2 mins  |
February 16, 2025
"Fils WILL MAKE A COMEBACK, MAYBE THIS YEAR"
Business Today India

"Fils WILL MAKE A COMEBACK, MAYBE THIS YEAR"

Veteran investor Madhusudan Kela, Founder of MK Ventures, on Union Budget 2025-26, the future trajectory of the market, the Indian economy and more

time-read
7 mins  |
February 16, 2025
"TAX CUT TO PUT MONEY INTO PEOPLES' HANDS"
Business Today India

"TAX CUT TO PUT MONEY INTO PEOPLES' HANDS"

Tuhin Kanta Pandey, Finance and Revenue Secretary, and Arunish Chawla, Secretary of DIPAM, explain the macro philosophy of the Budget

time-read
2 mins  |
February 16, 2025
A BONANZA FOR THE MIDDLE CLASS
Business Today India

A BONANZA FOR THE MIDDLE CLASS

THE GOVERNMENT INCREASED THE TAX EXEMPTION LIMIT TO 12 LAKH AND REVISED RATES LOWER UNDER THE NEW TAX REGIME IN THE BUDGET FOR FY26. WITH A NEW INCOME TAX BILL ON THE WAY, WHAT DO THE MEASURES MEAN FOR TAXPAYERS?

time-read
6 mins  |
February 16, 2025
Expect Private Investment Cycle To Pick Up
Business Today India

Expect Private Investment Cycle To Pick Up

The government's budgetary strategy focusses on modification and moderation, a fine balance between the long term and the short term

time-read
3 mins  |
February 16, 2025