Life Support for Medical Devices Brings “Make in India” To $18 Billion — Panjiva
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Life Support for Medical Devices Brings “Make in India” To $18 Billion

China 3047 Energy - Renewables 205 Health Care 362 India 550 Industrials - Capital Goods 619 Info Tech - Tech Hardware 861 Tariffs 1865 Trade Deals 1017

The Indian government may increase tariffs on imports of medical devices as part of the forthcoming budget. Tariffs could reach 15% from a maximum of 7.5% currently and would help enact the “Make in India” domestic manufacturing support policy. Imports reached $2.5 billion in 2017 through November 30, down 1% on a year earlier. American suppliers were the largest at 24% of the total with Chinese manufacturers second, with electronic diagnostic tools the leading product line. The new tariffs will likely be a source of friction with the Chinese government in the context of RCEP talks, thou...

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