Everand Logo

Welcome to Everand!

  • Business Today

    "Pricing Transparency Is What We Want"

    Medtronic, the $29 billion global medical technology major, is a key member of US lobby group Advanced Medical Technology Association (AdvaMed) that wants the US to punish India for capping prices of medical devices and medicines. But AdvaMed's stand does not stand in the way of Medtronic's plans to strengthen its engagement with India. Omar Ishrak,Chairman and CEO, Medtronic, talks with BT's Joe C Mathew about advancements in medical technology, need for fair pricing of medical devices and the promise India's flagship health assurance programme, Ayushman Bharat, holds. Edited excerpts:
    by Joe C Mathew Nov 26, 2018 5 minutes

    Medtronic is an active member of AdvaMed, which is lobbying with the US government to take away tariff concessions given to India. Will such a stand help your cause in India?

    These are tactical moves. You could expect a set of tactics countered by another set of tactics (at a government to government level). I see a bigger opportunity in India and I think the (Indian) government is also looking at a bigger partnership with medical technology companies to provide quality healthcare for people in India.

    AdvaMed has expressed concerns over India's pricing policy. Will solving such issues be a pre requisite to partnerships?

    These are two separate things. The partnership is not going to happen in one month, while the tactical moves related to the India US trade collaboration are not restricted

    You’re reading a preview, subscribe to read more.

    More from Business Today

    Business Today1 min read
    Plane Pain
    ▶ The top three players have rebounded after Covid-19 by growing sales quickly ▶ SpiceJet failed to reach the pre-Covid level of sales even in FY23 *2022-23 IS AKASA’S FIRST FULL YEAR OF OPERATIONS SOURCE DGCA ▶ Leading airlines have been experiencin
    Business Today3 min read
    Road Warrior
    IN THE HEART of Khalid Wani, who is the Senior Director of Sales for the India region at the American storage drive maker, Western Digital, beats the rhythm of a fervent traveller. He’s a man who believes passionately that the most precious memories
    Business Today11 min read
    The Dark Side Of Gold Loans
    THE RBI ASKED the company to immediately stop its gold loan operations, which accounts for a third of its business. The reason: the regulator found some major lapses in how the company handled the loans. When the regulator looked into the company’s f

    Related Books & Audiobooks