Pre budget expectation, Suresh Vazirani, Chairman & Managing Director, Transasia Bio-Medicals Ltd - Modern Medicare

Pre budget expectation, Suresh Vazirani

Micky Neelam Kachhap | 16 June, 2009 | 07:43 PM


For next 10 years, in an effort at providing ‘Healthcare for All’, government must remove all taxes and duties for Healthcare providers and manufacturers of Healthcare products.

 
For next 10 years, in an effort at providing ‘Healthcare for All’, government must remove all taxes and duties for Healthcare providers and manufacturers of Healthcare products. The biggest challenge faced by the healthcare delivery system is the high cost. One of the major reasons for this is that majority of the medical equipments are imported into India. They are subject to variables like currency exchange and additional costs in the form of high customs duties. These duties are higher still for import of spare parts of these equipments. The medical devices industry would definitely welcome a proactive step by the government of India in the upcoming budget by providing for a reduction in customs tariffs of spare parts for medical equipments.  The government should also side by side encourage indigenous manufacturing through elimination of import duties on raw materials and components of medical equipments. There is an opportunity for the government to correct its 50 year old mistake of neglecting the peoples need for an affordable and efficient healthcare system.Every citizen’s right to the enjoyment of the highest attainable standard of physical and mental health is recognised in article 12 of the ‘International Covenant on Economic, Social and Cultural rights’ It is the governments duty to provide adequate healthcare to every citizen either free or at affordable charges. However, at one end, even after 60 years of independence, the governments healthcare system does not meet the needs of even 20% of the population. On the other end, government is burdening the private sector health providers by a slew of taxes and levies.”

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