Fortis overpricing case: Now, medical devices to cost less than half

This period is to allow all manufacturers to clear current stock of their packing material with current MRPs and enable a smooth transition

Price of syringes and needles is likely to come down sharply as manufacturers have decided to cap trade margins at 75 per cent. In a circular, the All India Syringes and Needles Manufacturers Association told its members to print the maximum retail price (MRP) on the basis of a maximum of 75 per cent margin (including GST) from December 24. The circular asked companies to implement this latest by January 26, 2018.

This period is to allow all manufacturers to clear the current stock of their packing material with current MRPs and enable a smooth transition. This covers all categories