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Chinese delegation discusses investment opportunities with AMTZ

Shardul Nautiyal, Mumbai
Tuesday, December 13, 2016, 08:00 Hrs  [IST]

Facilitated by co-chairman, Foreign Trade and Investment Committee, PHD Chamber of Commerce and Industry Surinder Kalra, a Chinese delegation of over 30 investors visited Andhra Pradesh MedTech Zone (AMTZ) Ltd recently to discuss investment opportunities.

The three hours’ interactive session had the Chinese delegates discuss about various investment opportunities with AMTZ.  Senior management led by Director AMTZ Dr Jitendar Sharma and the Chinese delegation led by Co-founder of SKK - JW Associates Jessie Wei discussed about the work and support available for the medical devices manufacturers at AMTZ apart from familiarising delegates about the various scientific facilities available at AMTZ.

AMTZ which is India's first medical devices manufacturing park has already announced bookings of factories at a refundable fee of Rs. 6,250; Rs. 12,500 & Rs. 25,000 for a 0.25 acre; 0.50 acre and 1.00 acre manufacturing unit respectively. AMTZ has been receiving bookings continuously since the launch of booking on 2nd October.

One important feature which attracted the attention of delegates was the presence of empaneled partners for technology transfer, human capital management and financial support.

The delegation was impressed upon with various benefits of starting the manufacturing units at AMTZ. Appreciating the noble intentions of AMTZ, a delegation member aptly pointed out that “the speed and noble intention with which AMTZ is focused and moving ahead, it is bound to greater success bringing benefit to the global economy.”

Government of Andhra Pradesh and senior management of Andhra Med Tech Zone  also led an ‘exclusive investors meet’ at world’s largest and most attended medical devices expo -Medica on November 15 at Dusseldorf, Germany. This was AMTZ first international summit at Dusseldorf.

Medica summit saw tremendous support from Indian Trade Promotion Organization (ITPO) and Association of Indian Medical Device Manufacturers (AIMED) also. Since the foundation ceremony of AMTZ done by Andhra Pradesh Chief Minister Chandrababu Naidu on August 19, 2016, the AMTZ park has seen a steady stream of manufacturers.

Advisor to government of Andhra Pradesh and CEO of AMTZ Dr. Jitendar Sharma said that the response from industry has been very encouraging and 10 per cent of the proposed factories have already been booked since October 2, 2016 when the booking for AMTZ was launched. The zone has received applications from some of the largest companies.

AMTZ would include facilities such as component testing centre, electro-magnetic interference laboratory, medical grade low vacuum molding, cabinet molding, injection molding centres, 3D designing and printing for medical grade products, sterilization & toxicity testing centre, radiation testing centre, gamma irradiation facility, rapid prototyping centre, warehousing and regulator’s office.

 

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