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Medical device parks to bring down manufacturing cost by 30%

GST will further bring down the taxation in the sector by almost 12 per cent, according to Ananth Kumar, Minister for Chemicals and Fertilizers

BS B2B Bureau  |  New Delhi 

Through medical devices parks, the government aims to increase competitiveness of the Indian industry globally by helping it to bring down the manufacturing cost significantly. “Setting up of these parks can bring down the manufacturing cost by another 30 per cent and make Indian medical technology sector globally competitive, due to pooling of common facilities,” said Ananth Kumar, Minister for Chemicals & Fertilizers and Parliamentary Affairs, at the medical technology conference in New Delhi recently. The first medical technology park has already been set up in ...

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First Published: Tue, September 06 2016. 13:24 IST
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Medical device parks to bring down manufacturing cost by 30%

GST will further bring down the taxation in the sector by almost 12 per cent, according to Ananth Kumar, Minister for Chemicals and Fertilizers

GST will further bring down the taxation in the sector by almost 12 per cent, according to Ananth Kumar, Minister for Chemicals and Fertilizers Through medical devices parks, the government aims to increase competitiveness of the Indian industry globally by helping it to bring down the manufacturing cost significantly. “Setting up of these parks can bring down the manufacturing cost by another 30 per cent and make Indian medical technology sector globally competitive, due to pooling of common facilities,” said Ananth Kumar, Minister for Chemicals & Fertilizers and Parliamentary Affairs, at the medical technology conference in New Delhi recently. The first medical technology park has already been set up in ... image
Business Standard
177 22

Medical device parks to bring down manufacturing cost by 30%

GST will further bring down the taxation in the sector by almost 12 per cent, according to Ananth Kumar, Minister for Chemicals and Fertilizers

Through medical devices parks, the government aims to increase competitiveness of the Indian industry globally by helping it to bring down the manufacturing cost significantly. “Setting up of these parks can bring down the manufacturing cost by another 30 per cent and make Indian medical technology sector globally competitive, due to pooling of common facilities,” said Ananth Kumar, Minister for Chemicals & Fertilizers and Parliamentary Affairs, at the medical technology conference in New Delhi recently. The first medical technology park has already been set up in ...

image
Business Standard
177 22