Market trends in medical disposables ? How has the pandemic impacted the market ?
Regarding the present market trend in medical disposables, most of the personal protection products like PPE kits, gown, isolation gown, N95, and three-play mask, etc the market have gone up in India as well as in the globe. And there are many other disposable products where the demand has come down.
Challenges that you face in the manufacture of medical disposables ?
The biggest challenge in the manufacturing of medical disposables now is mainly the shortage of raw materials, as well as the high price due to the demand for PPE kits. Also, the transportation expenses have gone up and the availability of vehicles is also a challenge. The shortage of labor due to Covid as well as quarantine is another problem. The cost of labor has now gone up due to manufacturers, even arranging transportations for all the workers to come to the factory.
Your focus on quality and R&D ?
Regarding quality and R & D – we have all international certifications especially quality certifications like CE – ISO 13485, drug licenses, US FDA registration, BIS certificates, social audit certificates, and all that is required for exporting our products.
Your current product line and future plans
In the current product line, we have surgical gowns, drapes, and procedure packs. Due to high demand now we are in personal protection products and kits. Our future plan is to expand the present facility from 80,000 square feet area to 1,50,000 square feet with 70,000 square feet clean rooms. More advanced ultrasonic machines and blister packing machines are getting installed on everything that a new facility will be commissioned by this July. And also, we are looking for starting new manufacturing facilities in Maharashtra or Gujarat, and a joint venture in Sri Lanka and Saudi Arabia is in the pipeline.
Your suggestions to strengthen “Make in India” initiative.
Now we have a very good opportunity for all the Indian companies for exports. There is a feeling against Chinese products and now most of the European and developed countries are looking for Indian products. This is a very big opportunity we can expand the business and making India initiate a big success for medical disposable products. The main challenge is global quality standards. The government has to take proper control and initiative to improve the quality standards otherwise our export market will be badly affected.
Should the government lower the GST on select Covid supplies ?
For most of the raw materials, medical fabrics, the GST is 12 percentage, but as for the PPE kits and disposable products, it is only 5%. And once the GST of the finished product is reduced, the already thin margin will be badly affected which will make the price go up. So, the government has to reduce the GST of raw materials as well as finished products. Then only the price control will be made possible.