Investor Presentaiton

Medical Devices-India सत्यमेव जयते GOVERNMENT OF GUJARAT India's Domestic Market (US $ 5.2 Billion) 25% 3% 7% 31% 9% 10% 17% Diagnostic Imaging ■ Consumables ■ IV Diagnostics ■ Patient Aids ■ Orthos and Prosthetics ■ Dental products ■ Others(Patient Monitor, ECG, etc) Market Overview India has about 750-800 medical device manufacturers in the country, with an average investment of Rs 170-200 million and an average turnover of Rs 450-500 million. Among the top 20 global medical devices market and is the 4th largest medical devices market in Asia after Japan, China and South Korea Growth Drivers & Government Support O India's population has crossed 1.32 billion and with the ageing population to increase to 6% by 2021, there will be a greater demand for better health care facilities and medical devices. Periodic renewal of licenses for manufacturing and imports will not be required further. A single window mechanism for statutory clearances which need to be obtained for the manufacturing units has been developed. Interest subsidy for MSMEs, concession on power tariffs, seed capital and minimum or zero duty on raw materials have been proposed in the Draft National Medical Device Policy-2017. With the new Goods and Services Tax regime, the new tax rate is flat 12%. which earlier use to be more than 13%. It helps to achieve lower costs of manufacturing Source: Make in India 7

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