India to get First Medical Devices Park

Published By : 17 Apr 2015 | Published By : QYRESEARCH

The Indian state of Gujarat will be housing the country’s first ever medical devices park. A move that complements Prime Minister Narendra Modi’s campaign of ‘Make in India’, the central government has decided to set up the first of its kind medical devices park in the Prime Minister’s home state Gujarat.

Sources have stated that the central government is reportedly in talks with the state government in Gujarat. The land near a Tata Nano plant in the district of Sanand has been earmarked for the park. The National Institute of Pharmaceutical Education and Research or NIPER located in the city of Ahmedabad has been selected as the nodal institute that will undertake research and development activities in the area. 

The medical devices park will provide the country with a much appreciated thrust to the medical devices industry, which was not very long ago opened to 100 per cent foreign direct investment (FDI). Hoping to hasten the process and empower the medical devices sector, the Union health ministry has also issued a recommendation by the Task Force in order to promote domestic production of highly advanced medical devices as well as pharmaceutical manufacturing equipment in the nation. The Task Force recommendation is estimated to be implemented in numerous phases and includes tax incentives directed towards indigenous manufacturers. 

A government official informed about the matter stated that medical devices with highly advanced technology are most often imported in the country because there are fewer than 30 per cent manufacturers who produce devices indigenously. These manufacturers presently produce mainly low end medical devices. The official added that INR 350 crore has been set aside for the establishment of this medical devices park project. The second park of a similar kind will most likely be set up in the southern state of Tamil Nadu.
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