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.
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.”