Avoid protectionist barriers in medical devices sector: Varun Khanna

If India wants to be globally competitive and become more self-sufficient, it should send a positive message to global investors that it is ‘open for business’. While seeding the environment for domestic competitors by increasing demand (expand insurance); the Union budget should have provisions that incentivise overall manufacturing and investment - including lowest possible tariffs on raw material & components, promotion of research & development, skill development, greater health expenditure or better insurance coverage, low regulatory costs, assurance of predictable policy. This will benefit the cause of Make in India rather than raising custom duty (increase that is eventually passed