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Andhra Med Tech Zone gets formal registration to set up Asia's first dedicated medical devices park

Shardul Nautiyal, Mumbai
Tuesday, May 03, 2016, 08:00 Hrs  [IST]

Andhra Med Tech Zone (AMTZ)- company established under government of Andhra Pradesh has finally received formal registration which will kick start establishing Asia's first dedicated medical device park in an area of 226 acres at Visakhapatnam in Andhra Pradesh.

The park is proposed to have all such facilities in-house that are required for specialized product verticals to reduce manufacturing process costs. The park will provide for modern state of art common facilities such as specialised laboratories, warehousing, testing centre apart from 100 to 150 independent manufacturing units, each in a built-in ready to use area of 0.5 to 1 acre each.

Established subsequent to announcement made by Andhra Pradesh chief minister Chandrababu Naidu after a series of consultations with Indian medical device manufacturing industry, AMTZ is the brainchild of Dr Jitendar Sharma, head of health technology department of National Health Systems Resource Centre (NHSRC) and also advisor to chief minister of Andhra Pradesh for health and medical technology.

The creation of manufacturing park for medical devices is the need of the hour as medical devices manufacturing requires certain high investment facilities which are too capital intensive for individual manufactures to invest upon. A park with in-house high investment scientific facilities would help manufacturers reduce the cost of manufacturing by more than 40 per cent to 50 per cent.

Currently, due to lack of such centrally located common facilities, manufacturers do not undertake production of technologies and therefore send their products abroad for process upgradation and value addition.

It will help facilitate to create an ecosystem for manufacturing of high end medical device manufacturing aimed at import substitution and export opportunities and would be a major boost to SMEs.

Indian medical device industry is worth over Rs. 60,000 crore and country's humongous import bill for this segment amounts to over Rs. 23,000 crore while export amounts to only over Rs. 7,000 crore. India's import dependency on high-end medical devices is over 80 per cent and 60 per cent to 70 per cent for other devices. And this is where the dedicated medical device park would be of great value - reducing humongous import dependency, increasing export while generating wealth and employment within.

 

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operon strategist Feb 6, 2017 5:18 PM
This is Great initiative taken up by Goverment
Anil Chaudhari Feb 4, 2017 2:26 PM
Excellent initiative by the andhra pradesh goverment and Good Future for Medical device Industry
sanu Aug 23, 2016 3:31 PM
great initiatives by Mr Naidu....you will get all cooperation from all vizagites.....
Sankara V Krishna Prasad Aug 19, 2016 11:53 PM
A great initiative by the GOAP. A step in the right direction of reducing import dependency and creating employment. As much as possible, the investors should try and establish operations beyond show rooms. The need for providing local employment too would then get met. Time for the quality and conforming manufacturing, testing and research process on site would bring credibility for one of the sun rise industry centres of the world, India at again one of the best connected cities by rail, road, sea and air, Visakhapatnam
Ramakrishna Pidaparti Jul 29, 2016 10:13 AM
Excellent initiative as this sector will see a big boom/growth in the near future for along time come
Krishna Rao Jul 5, 2016 10:26 AM
It is a remarkable initiative by the Government of Andhra Pradesh and the Zone is headed by none other than a Doctor who served as Hospital Administrator in Bhagawan Sri Sathya Sai Baba's free hospital. Any one coming from such an institution will leave a mark of dedication, devotion and commitment. With his vast experience, I am sure that the institution will soon become an institution to reckon with and will attain universal acclaim.
Bhaskar Suryapeth Jul 4, 2016 11:35 AM
Please Tell about of AP MED TECH Zone
 
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