China, India spar over hike in prices of medical supplies

Reports say demand from India has led to doubling of prices

China, India spar over hike in prices of medical supplies

New Delhi, May 12

Beijing and New Delhi are now sparring over the hike in prices of medical devices as well as cargo flight rates as Indian entrepreneurs scramble to get urgently needed supplies from China.

India’s envoy in Hong Kong Priyanka Chauhan has said price instability of products in China and transport disruptions had affected India’s attempt to deal with the second Covid wave.

“Our expectation is that the supply chain should remain open and product prices should remain stable,” she said in an interview.

Taking Beijing’s side, state-owned media house Global Times said Chinese oxygen concentrator suppliers are “upset and saddened by price-gouging of anti-virus devices such as theirs’’ in the Indian market.

“Many Chinese producers have exported oxygen making items to India at below-market prices by working extra shifts for timely delivery, even during the recent May Day holiday, to ensure the much-needed goods are delivered to those who badly need them,” complained the Global Times.

Government-to-government ties between India and China have been frosty. During a conversation with Chinese Foreign Minister Wang Yi last month, S Jaishankar walked around a Chinese offer to offer aid. Instead, he wanted Beijing to address the supply disruptions for commercially sourced oxygen concentrators and other medical supplies from China.

Reports say the demand from India has led to the doubling of prices as well as high cargo rates. “Even if there is a little bit of supply demand pressure, there has to be some stability and predictability to product prices. And there has to be a sense of governmental level support and efforts,” said Chauhan. — TNS

Tribune Shorts


Top News

Yasin Malik sentenced to life imprisonment in terror funding case

Yasin Malik gets life imprisonment in terror funding case

Malik had earlier pleaded guilty to all the charges

SpiceJet faces ransomware attack; flights delayed

SpiceJet faces ransomware attack; several flights delayed, cancelled

The airline is in touch with experts and cyber crime authori...

Kapil Sibal quits Congress, files RS nomination from SP

Kapil Sibal quits Congress, files nomination for Rajya Sabha with Samajwadi Party support

Will be an independent voice in RS and will continue to work...

Pakistan man visits ancestral village in India after 74 years

Pakistan man visits ancestral village in India after 74 years

Accompanies his brother who had stayed with him for two mont...

These prominent leaders quit Congress in 2022

These prominent leaders quit Congress in 2022

Kapil Sibal is the latest high profile exit from the party t...

Cities

View All