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Medical device makers seek 7.5% import duty
Financial Express Kochi
|April 17, 2025
RISING "INDIRECT IMPORTS" from China, coupled with falling exports, have prompted domestic medical device manufacturers to seek commerce and industry minister Piyush Goyal's intervention to safeguard their interests.
In a letter to Goyal, the Association of Indian Medical Device Industry (AiMeD) has said that the imports of medical devices from countries like Hong Kong (28%), Malaysia (24%) and Singapore (13%) have shot up in the period from April 2024 to January 2025 due to the likely diversion of Chinese-origin goods transiting through these countries to India.
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