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India's First Medical Technology Park Opens In Tamil Nadu

Chennai: India's first medical technology park opened recently is expected to bring cutting-edge technology to the country and drive down the cost of expensive equipment like ultrasound machines.

Spread over 25 acres and designed to house 10 international medical technology manufacturers, the Trivitron Medical Technologies Park aims to bring cutting edge medical technology to medical professionals at affordable costs.

Medical Device Makers Want Higher Import Duty

The finance ministry, which is in the process of preparing the Budget, is in a fix. The reason: While domestic manufacturers of medical devices have demanded a hike in Customs duty, the administrative department for medical devices, the Department of Pharmaceuticals, has sought just the opposite.

Medical Devices Cluster Coming Up In Hyderabad

Andhra Pradesh will set up MedTech Valley, a world-class cluster for manufacturing medical devices and equipment near Genome Valley at Shameerpet in Hyderabad.

The state government will provide 1,200 acres for the project. In the first phase, 200 acres are being developed by the Hyderabad Metropolitan Development Authority. The project will be executed by a public-private partnership model and will get assistance from the Centre for infrastructure development.

Association Of Indian Medical Device Industry