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Opto Circuits (India) Ltd surges 9.4 pct to a 1-1/2 week high.Heads towards its biggest daily gain since Dec. 5.Cabinet considering easing of FDI policy for medical devices business, the Economic Times reported, citing PTI.At present, the medical devices sector falls under the pharmaceutical category and is subjected to certain conditions.

Industry has been saying that FDI in the sector should be put under the automatic route.India imports about 70 pct of its requirement of medical devices and the industry size in the country is about $7 bln-HDFC Securities says.

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