The Park will house a common
manufacturing facility centre to act as a hub for the SME sector enabling it to
flourish as a cluster. The exact location of the park is yet to be decided.
The Andhra Pradesh State Government has in principle decided to
develop a dedicated 200-acre industrial park for manufacturing of medical
devices.
Chief Minister N. Chandrababu Naidu said the Park will house a common
manufacturing facility centre to act as a hub for the SME sector enabling it to
flourish as a cluster. Though the Government was yet to zero in on the exact
location of the medical devices park, the focus of the facility would be on
creating an eco system for manufacture of high-end medical devices with an eye
on the export market.
This was announced by Chief Minister N. Chandrababu Naidu at a
meeting with the representatives of Association of Indian Medical Device
Manufacturers (AIMED) during his recent visit to New Delhi. The decision comes
after the association was able to impress upon Mr. Naidu about the “tremendous
sense” in housing such a facility.
The AIMED Forum coordinator and Hindustan Syringes & Medical
Devices joint managing director Rajiv Nath explained to the Chief Minister
about the criticality of such a facility that would go a long way in ensuring
industrial development and employment generation in the State. The medical
device industry, according to Mr. Nath, was worth over Rs. 60,000 crore with
the import bill of the segment amounting to over Rs.23,000 crore and exports
contributing to Rs.7,000 crore.
The country’s import dependence for high-end medical devices was
over 80 per cent while it was close to 70 per cent in respect of other devices.
This was where a dedicated medical devices park would be of great value in
reducing the import dependence and at the same time, generating employment and
wealth within.
“We are extremely thankful to the Chief Minister for recognizing
the opportunity and taking a quick decision. This will give a big boost to
import substitution,” he said adding creation of the park would provide an
opportunity to the State to increase its industrial foot print. Mr. Naidu, he
said, assured the AIMED representatives that he would personally address issues
relating to implementation of the assurance and provide needful policy support.
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