MPIDC Allocates Land to Medical Device Industries
The Madhya Pradesh Industrial Development Corporation (MPIDC) has made significant strides in boosting the medical devices industry by allocating land to 36 medical devices and associated industries at the Medical Devices Park in Ujjain. This park has been strategically established to enhance the production and export of medical equipment and consumables.
Investment of Rs 1,855 Crore Proposed by Medical Device Companies
To date, industries in the Medical Devices Park have collectively proposed an investment of approximately Rs 1,855 crore. Executive Director of MPIDC, Ujjain, Rajesh Rathod, stated, “We have so far allotted around 97 acres of land to 36 industries. A few more industries are in the pipeline, and they are expected to significantly contribute to the region’s industrial growth.
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Employment Generation and Industry Overview
These industries, which include M/s Sheba Industries India Pvt Ltd, M/s Clinisupplies India Private Limited, M/s Medqverse Private Limited, and several others, have collectively proposed to generate employment for 6,908 individuals. The companies in the park will focus on manufacturing and exporting various medical products such as:
- Self-testing kits
- Dental implants
- Medical test kits
- Orthopaedic implants
- Catheters
- Hip and knee implants
- Wound dressing products
- Medical adhesives
- Disinfectants and sterilization products
Government Initiatives and Benefits for the Medical Devices Industry
MPIDC is actively encouraging industries involved in the manufacturing of medical devices to invest in the Medical Devices Park. The industries department is offering attractive incentives such as subsidies on lease rent, land premiums, and other benefits to attract more investment in the region.
Indore's Role as a Hub for Pharmaceutical and Medical Device Industries
With around 280 pharmaceutical companies operating in Indore, the region has already established itself as a hub for both small- and large-scale pharmaceutical industries. The presence of these companies will help foster synergies with the medical devices sector, further enhancing the region’s reputation as a significant player in the healthcare manufacturing industry.
Conclusion
The establishment of the Medical Devices Park in Ujjain and MPIDC’s efforts to attract medical device manufacturers are set to bolster Madhya Pradesh’s position in the healthcare industry. With investments amounting to Rs 1,855 crore and thousands of jobs being created, this initiative marks a pivotal moment for the growth of medical devices manufacturing in India.
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