Update on Ujjain Medical Device Park
Boosting Healthcare Infrastructure
Five companies have committed to investing a combined total of Rs 176 crore in the Medical Devices Park situated in Ujjain, seeking around 26 acres of land from the Madhya Pradesh Industrial Development Corporation (MPIDC). These proposals, aimed at bolstering employment opportunities, promise to create approximately 687 jobs in the region, as per official data from MPIDC.
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Leading Investments Drive Job Creation
Leading the investment charge is Medqverse Private Ltd, pledging Rs 100 crore for establishing a unit dedicated to radiotherapy cancer treatment devices, with an anticipated job creation for 300 individuals. Meanwhile, Technoplast Packaging Pvt Ltd plans a Rs 62 crore investment in manufacturing blood collection systems and insulin syringes, foreseeing 60 new job opportunities.
Rajesh Rathod, executive director of MPIDC, lauded these investments, emphasizing their dual impact of job creation and advancement in the healthcare sector. He highlighted the potential improvement in healthcare accessibility and treatment options for Ujjain residents due to these initiatives, expressing government support for such endeavors.
Other notable investments include Bansi Surgical Solutions’ Rs 1.47 crore venture in setting up an ENT workstation, expected to employ 27 people, and Dksortho and Medical Device Pvt’s Rs 5 crore initiative in orthopedic implants, potentially creating 100 jobs.
In addition, Remote Healthcare Technologies Pvt Ltd. has proposed an Rs 8 crore investment, aiming to employ 200 individuals. These investments come amidst a backdrop where the medical technology industry in India, estimated at around $11 billion, heavily relies on imports for critical care equipment.
About Operon Strategist
In the context of the Rs 176 crore investment influx in Ujjain’s Medical Devices Park, Operon’s role becomes indispensable in facilitating smooth regulatory compliance for companies aiming to capitalize on the burgeoning opportunities in the healthcare sector. As these investments pave the way for job creation and technological advancements, Operon’s support ensures that companies navigate regulatory hurdles effectively, contributing to the growth and development of the medical device industry in India.
