Cutting tariffs on imports from US will hurt us: Medical device makers

VOICING CONCERNS OVER the likely reduction in tariffs on the medical devices being imported from the US, domestic manufacturers have said such a move will give "undue advantage" to foreign players and requested the government to have a rethink on the matter.

- MANU KAUSHIK

The Association of Indian Medical Device Industry (AiMeD) made the request after the ministry of commerce asked the export promotion council to find ways to provide better market access to US device makers.

"India is one of the few countries with relatively low tariffs on medical imports, leading to over 70% import dependence. A further reduction in tariffs would be far more damaging for the domestic industry," a leading medical device maker said on condition of anonymity.