Budget reaction from Mr. Pavan Choudary, Chairman and Director General Medical Technology Association of India (MTaI)

New Delhi, July 09, 2019: “Reduction in Customs duty of Medical Devices in the Union budget would have furthered the government’s objective of increasing Healthcare affordability and accessibility, which, through Ayushman Bharat it is already trying to achieve. The increase in the turnover limit to INR 400 Crores under the 25% tax slab is in line with the government’s commitment in the Union budget 2015 to make Indian companies more competitive on the global business platform. This will also lead to increase in compliance and also attract more investment to India.”

Corporate Comm India (CCI Newswire)