The price of PP has risen sharply in the last one month, said industry experts.
“PP prices have gone up by over Rs 55 per kg since December,” said an expert. “In March itself, we have seen an unprecedented increase. Even in Covid times, we have never witnessed this price gouging.”
Prices of plastic raw materials have surged 25-35% in the last 10-12 days, which will adversely hit small and medium enterprises that make up about 90% of the medical devices sector, said Himanshu Baid, managing director, Polymedicure, an exporter of consumables for infusion therapy.
India imports a large share of its advanced medical devices, diagnostic equipment, and critical components, most of which move through international logistics corridors linked to the Middle East. The ongoing war has started to cause major disruptions to global medical device supply chains, threatening healthcare delivery.
Back home, the industry is also grappling with a deepening gas supply crisis. Gas rationing by Adani Total Gas is impacting producers of critical devices like syringes.
The medical devices industry will receive only up to 40% of daily contracted quantity. Any offtake exceeding 40% will be considered “excess gas” and will be charged more, Adani Total Gas said in a letter to companies.
