Ahead of Modi visit, U.S. lawmakers ask India to rethink price cap on stents


  • World
  • Monday, 19 Jun 2017

FILE PHOTO: A worker waters plants next to an advertisement billboard of Abbott in Mumbai, India, November 12, 2015. REUTERS/Danish Siddiqui/File photo

NEW DELHI (Reuters) - A group of U.S. lawmakers has backed medical device makers by urging India to reconsider its decision to cap prices of heart stents, raising the issue ahead of Prime Minister Narendra Modi's visit to the United States later this week.

In a letter sent to the Indian ambassador to Washington last month, and seen by Reuters, 18 members of Congress said they were "troubled" by the price cap, warning that it could deter firms from launching new medical products in India.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

South Africa's manufacturing output contracts in Q1
Kenya hosts China-Africa economic trade expo amid growing Sino-African ties
African leaders endorse plan to boost soil health, fertilizer use
Zambia launches blue economy strategy to drive sustainable development
Zambian VP calls for action to reduce maternal, neonatal deaths
Roundup: Chinese agricultural technologies attract visitors at Africa fertilizer expo
Uganda says geopolitical tensions, climate change key risk factors to revenue collection
Flooding, landslides affect nearly 1 mln in E. Africa: UN
Kenya urges African leaders to adopt strategies to make fertilizer affordable
Chinese civil society advocates dialogue for shaping just, inclusive future

Others Also Read