100% FDI Approval for Medical Devices Will Make Indian Company Non-Existent - 1 views
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sagark on 31 Dec 14The Indian government recently approved 100 percent foreign direct investment (FDI) in medical devices through automatic approval route. This move has been received with mixed reactions from domestic medical device manufacturers.According to Future Market Insights (FMI), "Manufacturers in the Indian medical devices industry are increasingly shifting towards importing and trading rather than investing in manufacturing; and with the introduction of this policy, domestic manufacturers might experience a further decline in revenue."