Stent Row: MNC firms hit back over govt clampdown on withdrawal

The clash between the government and multinational device manufacturers has intensified after some top companies decided to withdraw high-end stents from India market. With the Department of Pharmaceuticals citing its power to stop companies from pulling out stents, the industry has come out in the open with arguments to back its withdrawal move.    

Medical Technology of India (MTAI), an association of multinational device makers, in a strongly-worded statement on Tuesday, said the government should not have a problem with companies exiting India if it feels all stents are the same. MTAI was referring to the government’s measure to