The Group of Ministers (GOM) on COVID-19 has considered and agreed to the proposal of the Ministry of Health & Family Welfare allowing the export of made-in-India ventilators. This decision has been communicated to the Director General of Foreign Trade (DGFT) for further needed action to facilitate the export of indigenously manufactured ventilators.
This significant decision comes on the heels of India continuing to maintain a progressively declining low rate of case fatality of COVID-19 patients, which currently stands at 2.15%, which means that fewer numbers of active cases are on ventilators. As on 31st July 2020, only 0.22% of the active cases were on ventilators across the country. Additionally, there has been substantial growth in the domestic manufacturing capacity of ventilators. Compared to January 2020, there are presently more than 20 domestic manufacturers for ventilators.
The export prohibition/restriction on ventilators was imposed in March 2020 to ensure domestic availability to effectively fight COVID-19. All types of ventilators were prohibited for export vide DGFT Notification No. 53 w.e.f 24.03.2020. Now with export of ventilators having been allowed, it is hoped that domestic ventilators would be in a position to find new markets for Indian ventilators in foreign countries.
Source : PIB
You may also like
-
FDI-backed Firms Strengthen Capital BASE In Fy25, Though Sales And Operating Profit Growth Slow
-
Smartphones Lead India’s Export Push in FY26 as Electronics Manufacturing Gains Strength
-
UN ESCAP Pegs India’s Growth At 6.4% In 2026, 6.6% In 2027 Amid Global Headwinds
-
MSDE Pushes Skill Development In 662 Border Villages Under Vibrant Villages Programme
-
Indian Railways Marks Earth Day With Green Push: 81.59 Lakh Trees Planted, 99.6% Broad-gauge Electrified
