Close to 80% of medical equipment used in hospitals is imported, say doctors.This invites an import duty of 2.5% and heavy maintenance charges which run into lakhs of rupees, adding to the cost of treatment.
Metropolis Healthcare is possibly ending with estranged co-promoter GSK Velu selling his 37% stake to private equity giant Carlyle Group for more than Rs 900 crore, people directly familiar with the matter said.
Budget has not initiated any major steps for the import-dependent medical devices sector to give a fillip to the Centre's 'Make in India' campaign, industry has said.
Get updates on your preferred social platform
Follow us for the latest news, insider access to events and more.
