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Challenges In Medical Device Industry: From PLI Schemes To Foreign Competition

"Though there are PLI schemes available, their impact hasn’t been as expected. Moreover, they are more focused towards big companies rather than small companies and MSME which comprises 80 per cent of India’s manufacturing”...

NPPA Fixes Ceiling Price Of Hormone Releasing IUDs And IUDs Containing Copper

The National Pharmaceutical Pricing Authority (NPPA) has fixed the ceiling price for two medical devices - hormone releasing intrauterine devices (IUDs) and IUDs containing copper - under the Schedule I of the Drugs (Prices Control) Order, 2013, which was revised to include in the National List of Essential Medicines (NLEM), 2022...

Appasamy Owners Look To Sell Controlling Stake

Promoters of Appasamy Associates plan to sell a controlling stake in the Chennai-based medical equipment manufacturing company, and are in initial talks with private equity investors, two people aware of the development told ET. The potential sale is likely to value the company at ₹1,800-2,000 crore...