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Telangana Govt Allocates 250 Acres Of Land For Medical Device Park At Sultanpur

An exclusive Medical Devices Manufacturing Park is coming up at Sultanpur in Telangana. The state government of Telangana has already allocated 250 acres of land to set up the project. And the state government has just signed a Memorandum of Understanding (MoU) with 21 medical equipment manufacturing and allied services companies and is expecting an investment of more than Rs. 500 crore in the next 5 years.

Particularly, as Hyderabad is a hub for more than nearly around 5000 small and big hospitals, the demand for medical devices and various equipments need by doctors and patients is increasing many folds. “Keeping this in view we have decided to set up a new medical devices park on a plot of 250 acres of land. We have already signed MoU with 21 companies and 3 companies have already started their operations from the Medical devices park,” Narasimha Reddy, managing director of Telangana State Industrial Infrastructure Development Corporation (TSIIDC).

So far, as many as 14 companies out of 21 have already been allocated 51.7 acres of land and the state government is expecting that these companies will invest nearly Rs. 425 crore in the next 5 years in the Medical Devices Park and generate an employment to nearly 3900 persons in Telangana.

Major among the investors in the Medical Devices Park includes Cyient Limited and Sandor Medicaid’s Private Limited companies which are planning to invest Rs. 100 crore each. The company has already been allocated 10 acres of land in the Park by the government. “The pro-active industrial policy of Telangana state has attracted us to invest in the state. We are into Medical Technologies and Healthcare and have invested about Rs. 100 crore in the said area,” informed Balaji Rajagopalan, vice
president of Cyient Limited.

This apart other major investors include Transcath Medical Devices, which is investing Rs. 27.9 crore and is expected to manufacture catheter category of products. Another investor Healthware Private limited is investing Rs. 16.2 crore and the company is in the manufacturer of medical equipment like urolgoy, GI, respiratory care, advanced surgery, gynaecology and ENT related medical equipments.

Another Rs. 12.5 crore of investment is in the planning by Man Machine Electronics, which is in the business of manufacturing Ultrasound Scanners. The state government has already allocated one acre of land to this company in the Medical devices park.


Phillips-Medisize Showcases Drug Delivery Innovations For Indian Market

Global healthcare company Phillips-Medisize has showcased its expertise in drug delivery and connected devices this week at the 8th Annual InnoPack Pharma Confex.

The company has been discussing the latest breakthroughs in drug delivery and demonstrating how its connected health solutions and powerful analytics are helping to improve patient engagement and adherence.

Speaking on the show’s first day, chief technology officer Bill Welch spoke to pharma companies on how to reach the market faster and expedite product development with proven technology accelerators for all types of infusion, injection and inhalation devices. His presentation – “Transforming Drug Delivery”, explained how to gain a competitive edge with human-centred design for customisable and user-friendly devices along with technology solutions that support global commercialisation.

More so, a panel discussion moderated by Welch on day two (22 May) looked at how to address the role of connected drug delivery devices for patient use in healthcare settings.

“Our primary business focus is on complex, regulated drug delivery devices and connected health solutions,” Welch said. “Together with our customers, we challenge and push the limits of product design and development to help transform the diagnosis and delivery of healthcare.”

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Tekni-Plex Completes Acquisition Of Amcor Flexible Packaging Units Serving Medical Device OEMs





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