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Himachal Pradesh: Rs
810 Crore MoU Signed For Medical Devices Park At Nalagarh
SHIMLA: Himachal Pradesh Industries
department on Monday signed 15 MoUs amounting Rs 810 crore with the investors in
the upcoming Medical Device Park (MDP) at Nalagarh in Solan district. Rakesh
Kumar Prajapati, Director (Industries) cum Managing Director, HPSIDC, who had
signed the MoUs on behalf of the State Government apprised the investors that
the structure of State Implementing Agency has been already prepared, which will
be instrumental in developing this Park.
He also shared that the State Implementation
Agency (SIA) for execution of park has already invited bids of consultant for
Environmental Clearance (EC) and Project Management Consultancy.
Additional Director (Industries) Tilak Raj
Sharma; District Industries Centre Nalagarh- General Manager- Sakshi were also
present during the signing of MoU.
Rakesh Kumar Prajapati said that other infra
planning such as power, water and road connectivity is at advanced stage. He
said that MDP project cost is of Rs 350 crore, wherein the Government of India
will provide grant-in aid of Rs 100 crore for the development of Common
Scientific facilities in the Park.
He said that MDP will also house Centre of
Excellence of CiBiod PGIMER, for which detailed discussion was held with Dr
Varinder Garg, Principal Investigator of Center for Innovation and BioDesign (CIBioD),
PGIMER, Chandigarh. The department will be signing an MoU with CiBioD, PGIMER
very soon.
He said that the MoUs signed have verticals/
products ranging from disposable syringes, cardiac stents, medical catheter,
X-ray, EEG, EMG, Spirometer, IVD products, Orthopaedic Implants, Blood Bank
Equipment, Oxygen Concentrators, BP monitor, electronic thermometer, audiology
products, ICU ventilator, Anaesthesia machine, vestibular product, bio-signal
recorder, diagnostic instruments, OT products, ICU bed.
“Many of these prospective entrepreneurs, who
have signed MoUs, are already operating in Medical devices segments and also
contributing towards exportsm,” he said, adding that a delegation of 7-8 MSME
entrepreneurs from Mohali Medical Devices Cluster also evinced interest in
setting up unit in this Park. They signed MoUs for different verticals.
He said that State is now actively
considering taking a Partner Country for technology and for attracting
investment. Also, Investment Outreach for Medical Devices Park will be organised
soon in prominent cities within India and outside, which are known for high end
medical device manufacturing.
https://timesofindia.indiatimes.com/city/shimla/himachalpradesh-rs-810-crore-mou-signed-for-medical-devices-park-atnalagarh/articleshow/90356749.cms
S3V Vascular To Invest Rs. 250 Crore For
Setting Up Medical Devices Manufacturing Unit In Hyderabad
The Hyderabad-based S3V Vascular is all set to invest Rs. 250
crore for setting up a medical devices manufacturing unit in Telangana Medical
Devices Park at Sultanpur on the outskirts of Hyderabad.
According to Badari Narayan, director of S3V Vascular, they
have decided to set up a state-of-the-art integrated medical devices facility
wherein high end critical life-saving neuro and cardiac medical devices would be
manufactured.
It is learnt that the company is setting up the new unit with
a cost of Rs. 250 crore and will manufacture a drug-eluting stent needed for
treating patients suffering from various cardio vascular disease. It is also
understood that the medical devices manufactured here at this facility would be
an alloy based medical device devoid of using nickel and cobalt to avoid
allergic reactions in patients.
“The neuro and cardiac medical devices manufactured at this
medical device facility will be first of its kind in the world made of special
alloy which is unusual from earlier nickel and cobalt alloy that have allergic
ions,” informed Narayan.
The medical device company is also proposing to manufacture
metallic bioresorbable vascular scaffolds in its facility which will reduce the
re-producer rates.
The proposed facility is being set up with a huge investment
and is expected to generate a total direct employment to more than 500 persons
and another 300 persons will be getting indirect employment.
Company sources revealed that the new medical device
manufacturing facility would comprise of three specialized divisions including
neuro interventional medical devices along with neuro training centre and the
cardiac interventional medical devices and drug coated critical care catheter
manufacturing divisions.
Commenting on the new S3V Technologies investing in the
Telangana Medical Devices Park, IT Minister K. Taraka Rama Rao said that with
more and more investors coming to Hyderabad, it reflects
the friendly environment for the industries in the state and said very soon
Hyderabad will emerge as India’s leading medical devices hub.
Adding further, the Industries minister said that ever since
the launch of the Medical devices park in the year 2017, it has witnessed
phenomenal growth with an overall investment of Rs.1,500 crore and providing
jobs to more than 7,000 people in the state.
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