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Setting the record straight: USTR claims vs India's medical device policy

Business Standard LogoBusiness Standard6h ago

Setting the record straight: USTR claims vs India's medical device policy - Business Standard

Quick Summary:

The USTR raises several concerns: regulatory challenges, despite reforms by CDSCO and BIS; customs clearance delays, though Indian Customs has reduced import times; and intellectual property issues, such as patentability criteria and compulsory licensing, which protect public health.

It criticises India's tariffs, which are nominal at 7.5 per cent, and the Indian industry seeks a reasonable increase to 10–15 per cent to support domestic manufacturing.

The United States Trade Representative (USTR) has highlighted issues in its 2025 National Trade Estimate (NTE) report about barriers to exporting medical devices to India.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 18:35:44 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 971 words

Reading Time: 6 minutes read

Sentences: 45 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27655952

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 270 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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