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"India's twelfth five year plan seeks to increase the role of the state sector in the healthcare economy while recognizing the critical complementarity of the private sector in meeting the national health agenda. The Union Budget 2013-14 must reflect the importance of private diagnostics sector as a significant pillar of India's healthcare delivery.
The Budget should recognize the costs incurred by the private sector in maintaining high quality of services and in seeking and maintaining both national and international accreditation. Tax exemptions and concessions for NABL accredited labs will motivate the vast majority of non-accredited labs to improve their quality standards and seek accreditation. The health check concessions announced in the last budget have not taken off and it would help if Finance Minister were to recognize the role of NABL and NABH accredited labs and hospitals in delivering these services. To enable private sector diagnostic companies to offer cheaper prices to patients, it is important to offer import duty rebate on reagents and consumables that are essential for providing quality services."
Dr. Sanjeev K Chaudhry, MD, SRL Diagnostics
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices