CM lays foundation for 'AP MedTech Zone'
Vishakhapatnam/New Delhi (INN): The Foundation Stone of India's first exclusive medical device manufacturing park - Andhra Pradesh MedTech Zone - was laid on Friday at Nadupur village of Pedda Gantyada Mandal in Vishakhapatnam.
The foundation stone was laid by Chief Minister N. Chandrababu Naidu in the presence of Union Ministers M. Venkaiah Naidu and Ananth Kumar, AP Health Minister Kamineni Srinivas, WHO Representative Henk Benkedam, representatives of Indian medical device industry including Rajiv Nath and a galaxy of other notable personalities.
AMTZ, the 270-acre exclusive manufacturing zone is the result of MoU signed between the state government and AiMeD nine months back with a view to promote manufacturing of hi-tech and high-end medical devices within the country with a view to encourage domestic manufacturing, reduce India's humungous import dependency in medical devices, generate quality employment and bring down overall healthcare cost for average citizen. The exclusive tech zone will have the state-of-the-art and the best global facilities for R&D, manufacturing, testing, export & regulatory facilitations and logistics.
' We will reduce the cost of healthcare with local production of Medical Devices , We will create common infrastructure for you - the local Industry of world class and assure you of all clearances within 15 days" said Chandarababu Naidu.
"The AMTZ project will be a game changer for India in the field of Healthcare and is very Good News ! This has global consequences, from being Pharmacy of the World to being the Medical Devices Manufacturing Hub of the World "said WHO India Representative Henk Bekedam
'The launch of AMTZ is the dawn of a new era in the history of Medical Devices and Electronic industry in India. We at AiMeD are extremely happy that our efforts have fructified into this momentous occasion. We profusely thank Chandrababu Naidu and Central Government for sharing our vision and wishing India to be among the top 5 medical device manufacturing hubs of the world. We at AiMeD applaud Chandrababu Naidu's leadership and his teams for taking steps to turn this into a reality within 9 months of our initial discussions with him last November,' said Rajiv Nath, Forum Coordinator, AiMeD.
'Medical device manufacturing could be the next big thing for Indian economy after the IT revolution. This facility is not only a big milestone for the country which will catapult India into the league of top medical equipment producing countries in the world but equally important it will help bring down overall healthcare cost while ensuring tremendous saving in terms of foreign exchange,' pointed out Nath.
News Posted: 20 August, 2016
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