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    "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

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