Medical Technology Association of India (MTaI) has urged the government to ensure maintaining of liquidity in the healthcare sector in light of COVID-19 outbreak in the country.
NEW DELHI: Medical Technology Association of India (MTaI) has urged the government to ensure maintaining of liquidity in the healthcare sector in light of COVID-19 outbreak in the country.
The government must, “consider deferring statutory taxes, fees, dues and compliances for a period of 5-6 months and direct the financial institutions, so that liquidity is maintained throughout the value chain, without creating any debilitating burden on any stakeholder,” MTaI said in a statement.
The MedTech Sector, being at one end of the value chain, is already heavily stressed on liquidity on account of various factors, it added.
“The grave threat of COVID-19 has severely affected the whole healthcare continuum, right from a device manufacturer/importer, to a hospital or a private clinic in tier 2 or 3 towns in the country,” MTaI Chairman and DG Pavan Choudary said.
