Updated on 4 September 2013
The report titled ‘Universal Health Cover for India 2013’ emphasizes the need to focus on indigenous healthcare technology to make procedures and services affordable for all
Singapore: Emphasizing on the immediate need to reduce medical equipment imports in India, a report released by the Federation of Indian Chambers of Commerce and Industry (FICCI), pointed out that about 75 percent of the medical devices in the country are imported.
The report titled ‘Universal Health Cover for India 2013' stressed that there is a need to focus on indigenous healthcare technology to make procedures and services affordable for all.
"About 75 percent of the medical devices in India are imported, so there is a need to promote indigenous medical technology in low-resource settings to drive down the cost of healthcare," the report said.
Prepared in collaboration with Ernst and Young, the report further highlighted the need to look after reimbursement mechanisms of the government.
"The government of India does not provide enough funds to support local innovation. Our government has not been able to take cognizance of the situation like in China and Brazil," Mr G S K. Velu, co-chair of FICCI health services committee said in the media statement.