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Post-Budget Quotes

Mr. Sudarshan Jain, Secretary General, Indian Pharmaceutical Alliance

MediaInfoline February 1, 2020

The healthcare sector continues to be an integral part of the key priorities of the government. While the incentives introduced by the finance minister in terms of using taxes on medical devices in order to build the healthcare ecosystem and additional hospitalization facilities in tier 2 and 3 though Ayushman Bharat are commendable, the other initiatives that will really give India a competitive edge in the global healthcare market would be the New Export Incentive Scheme, making the manufacturing process indigenous aligns with the Make in India and Discover in India narrative, providing impetus to local manufacturing, hand holding support for R&D , medical colleges attached to district hospitals and upskilling program for paramedical personnel will also play a major role in scaling the healthcare infrastructure in the country. The overall thrust on ease of doing business in terms of regulatory simplification and policy stability should help to realize the potential of the industry going forward.

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