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US-Based Medical Devices Firm Confluent To Set Up Manufacturing Pilot Unit In Hyderabad Soon

A medical devices firm, Confluent Medical from United States of America, is all set to set up its most advanced medical devices unit on a pilot basis in Hyderabad.

Telangana’s IT and Industries minister K Taraka Rama Rao, who is on an official tour to USA to attract more and more new investments in biomedical, biotechnology and various other industrial sectors into the state, has revealed in a statement that Arizona-based medical devices firm Confluent Medical has agreed to set up its pilot medical devices manufacturing plant in Hyderabad and based on its success and more demand for its Nitinol products, the company is set to expand it further across other states in India.

“The medical devices sector though at a nascent stage in Hyderabad, the state government is giving highest priority for this sector as the government had taken MedTech as its strategic focus sectors and has devised a policy to push this sector further in Hyderabad and make Telangana as one of the most sought after investment destination for Medical devices in the country,” said Rao, while expressing his happiness for the USA based medical devices company agreeing to set up its pilot manufacturing plant in Hyderabad.

Confluent is renowned as one of the leading partners in the field of material science, development to various medical devices firms in the world. The firm has been supporting design, development and manufacturing of life saving implants, minimally invasive delivery systems and other medical devices.

With the Confluent’s announcement to foray into India, it is said that the firm will bring in high end technology for manufacturing of Nitinol products, which is first of its kind technology initiatives in India.

The firm is also expected to offer an array of Nitinol contract manufacturing services. From simple and delicate wire form devices to complex and unique laser cut designs, the firm is also aiming to bring in latest technological advances at the newly established facility in Hyderabad.

“Confluent’s pilot plant in Hyderabad will meet the medical devices demands of India and customers across Asia. Our company’s objective is to bring in high end medical technology to India,” observed Dean Schauer, chief executive officer of Confluent.

SMT Opens Asia’s Largest Stent Manufacturing Facility In Hyderabad

Once it becomes fully operational, its Hyderabad facility will produce 1.2 million stents and two million catheters per year.

HYDERABAD: In a major boost to medical devices manufacturing and med-tech innovations in the State, Sahajanand Medical Technologies (SMT) has opened Asia’s largest stent manufacturing facility at Medical Devices Park on Friday

IT and Industries Minister KT Rama Rao officially inaugurated the first phase of SMT Global Hub for Manufacturing and R&D of minimally invasive cardiovascular devices at the Medical Devices Park.

The facility, which will comprise cardiac stent manufacturing unit and an R&D centre, will be spread over 20 acres and a total of two lakh sqft space will be created in the first phase.SMT is a global leader in manufacturing cardiovascular devices. Once it becomes fully operational, its Hyderabad facility will produce 1.2 million stents and two million catheters per year.

The facility will also boast minimally invasive new age and highly advanced cardiac products like Transcatheter Aortic Valve Implantation (TAVI) and Heart Occluders used in patients ranging from the elderly population to paediatrics.

The SMT R&D centre will focus on developing advanced medical products in interventional, structural and endovascular products in the niche domain of cardiology. The manufacturing unit will be instrumental in generating employment opportunities for close to 2,000 people in the State.

In addition to this, the global R&D centre will employ over 300 highly qualified scientists. The facility will give a significant boost to ‘Make in India’ stent manufacturing and reducing India’s dependency on foreign stents, which are imported with heavy duties.

Speaking on the occasion, Minister Rama Rao said that over the years Telangana has recognised the medical device segment as a high-potential and high-growth sector, which presents unlimited opportunities and a preferred destination for investment and expansion.

“Today’s inauguration of SMT’s state-of-the-art stent manufacturing and cardiac devices facility is a step towards making available high quality, indigenously made, affordable healthcare products that will be made in Telangana for a global populace,” he said.

Other News

Himachal Pradesh: Rs 810 Crore MoU Signed For Medical Devices Park At Nalagarh
S3V Vascular To Invest Rs. 250 Crore For Setting Up Medical Devices Manufacturing Unit In Hyderabad
Solvay, MCAM Partner To Recycle End-of-Life Plastic Medical Parts





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