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GST rates and the medical devices industry
April, 23rd 2020

The Covid-19 crisis has highlighted the need to strengthen our public health system, especially at the primary level. In addition, we need to create strong domestic manufacturing capacities in industries such as pharmaceuticals (especially APIs or active pharmaceutical ingredients going into important formulations) and in the medical devices segment (largely falling under chapter 90 of the International Trade Classification).

The medical devices industry is important for the country for it plays to our strengths. Frugal engineering and interesting innovations have happened in India ...

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