China accounts for 66% of India's bulk drug imports in FY'17
In a written reply in Lok Sabha, Minister of State, Chemicals and Fertilisers Mansukh L Mandaviya said the other four major countries from where India imports bulk drugs are Germany, the US, Italy and Singapore.
As India is a signatory to the WTO and TRIPs agreement, import restrictions have been removed, he added.
Replying to another query, Mandaviya said the Department of Pharmaceuticals has asked medical device associations, healthcare industry bodies and relevant regulatory agencies to help in categorising medical devices.
The purpose is to categorise medical devices so as to have different trade margins for various categories for different segments, considering the vast diversity and the logistics required in delivering them to patients, he said.
“Industry has proposed that the total trade margins for medical devices could be capped to make quality medical devices affordable. Discussions on the issue with industry resulted in the need for categorisation,” Mandaviya said, adding there has been no consensus on the issue.
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