Business Today
Loading...
Govt allows export of made-in-India ventilators

Following the approval, the decision was communicated to the Director General of Foreign Trade (DGFT), which then issued a notification allowing the export of indigenously manufactured ventilators

Govt allows export of made-in-India ventilators

The proposal floated at the group of ministers' (GoM) 19th meet on COVID-19 on August 31 was approved, the Health Ministry said in a statement on Saturday

The government has given its nod to a proposal from the Ministry of Health and Family Welfare (Moh&FW) to permit the export of made-in-India ventilators.

The proposal floated at the group of ministers' (GoM) 19th meet on COVID-19 on August 31 was approved, the Health Ministry said in a statement on Saturday (August 1).

Following the approval, the decision was communicated to the Director General of Foreign Trade (DGFT), which then issued a notification allowing the export of indigenously manufactured ventilators.

Also Read:Indian ventilator makers plan 50,000 units by May with auto majors' help

The ministry said in a press release that the decision taken "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".

It added that as on July 31 (2020), "only 0.22% of the active cases were on ventilators across the country".

The ministry further stated in its statement that "there has been substantial growth in the domestic manufacturing capacity of ventilators" and presently there over 20 domestic manufacturers for ventilators as compared to January 2020.

Also Read: Made in India ventilators for COVID-19 much cheaper, carry huge exports potential

India had earlier banned the export of all types of ventilators through a DGFT notification on March 24 to ensure their domestic availability to effectively fight the novel coronavirus.

The ministry expressed in its statement that now that the export of ventilators has been allowed, it hopes that the "domestic ventilators would be in a position to find new markets for Indian ventilators in foreign countries".

Get latest news & live updates on the go on your phone with our News App. Download The Business Today news app on your device
More from BIZ WRAP