Lambda Life Sciences urged the government to provide budget allocation in healthcare

Vastavam web: Health tech start-up Lambda Life Sciences today urged the government to provide investment support and increased allocation in the healthcare sector in the forthcoming Budget.Lambda Life Sciences founder Kunjan Arora said the company is looking forward to the Union Budget.He said that investment support from government is the need of the hour to boost the growth of the sector.

There is also a need to create the right ecosystem for investment in health-tech domain and for that government can consider cutting tariffs on imports of machines and technology in this budget, he added.”In the healthcare industry, India imports about 75 per cent of its total requirements of medical devices,” he said.