On the sidelines of the 20th BioAsia event, Industries Minister KT Rama Rao chaired a roundtable with 20 select medical device company leaders on Saturday at HICC Hyderabad.
During the meeting, industry representatives proposed policy recommendations to further accelerate medical device innovation, indigenisation, and manufacturing in India.
There was also a discussion about how medtech companies could use the Telangana ecosystem to support their global development operations.
Various suggestions were made by industry leaders, including corrections to inverted duty structures, high GST implications, and challenges with raw material availability and stocking, among others.
The Minister assured that Telangana would champion the cause of industry and take up the issues with the union government to bring about the right policy changes to help industry.
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He also discussed the overall Telangana medtech ecosystem, as well as success stories and investment opportunities in the sector. Industry representatives praised the Telangana government’s efforts to promote the medtech sector.
Michael Blackwell, Vice president and Managing Director, Medtronic India, Rajiv Nath, Managing Director, Hindustan Syringes and Medical Devices Limited, Aditya Banerjee, Managing Director, B. Braun Medical (India) Private, Sumeet Bhat, CEO, TRIVITRON HealthCare, Shishir Agarwal, Managing Director, Terumo India were among the many, who participated in the roundtable meeting.
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