Friday, September 24, 2021

Govt caps trade margin up to 70% on price to distributor level on 5 medical devices

The Union Government has capped trade margin up to 70 per cent on price to distributor level on five medical devices.

The Union Government has capped trade margin up to 70 per cent on price to distributor level on five medical devices. These devices are Pulse Oximeter, Blood Pressure Monitoring Machine, Nebulizer, Digital Thermometer and Glucometer.

Keeping in view the evolving COVID pandemic and the continuing demand of the medical devices, Chemical and Fertiliser Ministry has decided to regulate their prices for affordable health care and COVID management.

The revised prices will come into effect from 20th of July this year. The Ministry said, every retailer, dealer, hospital and institution shall display price lists of these medical devices as furnished by the manufacturer on a conspicuous part of the business premises.

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