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Andhra Med Tech Zone Gets Formal Registration To Set Up Asia’s First Dedicated Medical Devices Park

Andhra Med Tech Zone (AMTZ) - company established under government of Andhra Pradesh has finally received formal registration which will kick start establishing Asia’s first dedicated medical device park in an area of 226 acres at Visakhapatnam in Andhra Pradesh.

AMTZ has cleared a major milestone- with the release of RFP for selection project consultancy firm for preparing a Detailed Project Report (DPR).

Andhra Med Tech Zone Ltd. (AMTZ) in its marathon target to be the first of its kind medical equipment manufacturing hub, has cleared another major milestone- with the release of RFP for selection project consultancy firm for preparing a Detailed Project Report (DPR). The RFP for DPR agency was released on 3rd of June and a pre-bid meeting with Industrial Partners was held on 17th June at Visakhapatnam.

While champions in industrial designing and infra-tech development are expected to participate in the preparation of DRP for the prestigious project, no effort would be spared in getting technical excellence to design and implement the project- said Dr. Jitendar Sharma, the Chief Executive Office of AMTZ Ltd.

Andhra Pradesh health department has formally taken over 226 acres of land to set up Asia’s first dedicated medical device park at Visakhapatnam. AMTZ is proposed to have in-house high investment scientific facilities that would help manufacturers reduce the cost of manufacturing and is first of its kind in Asia as it aims to flourish as a hub of medical device manufacturing, putting India on the global map of high end medical equipment production.

The park will provide for modern state of art common facilities such as specialized laboratories, warehousing, testing centre apart from 100 to 150 independent manufacturing units, each in a built-in ready to use area of 0.5 to 1 acre each.

A park with in-house high investment scientific facilities would help manufacturers reduce the cost of manufacturing by more than 40 per cent to 50 per cent.

Indian medical device industry is worth over Rs. 60,000 crore and country’s humongous import bill for this segment amounts to over Rs. 23,000 crore while export amounts to only over Rs. 7,000 crore. India’s import dependency on high-end medical devices is over 80 per cent and 60 per cent to 70 per cent for other devices. And this is where the dedicated medical device park would be of great value - reducing humongous import dependency, increasing export while generating wealth and employment within.


Gujarat Govt Allocates Land For Setting Up Medical Device Park At Sanand

Subsequent to Union minister of chemicals and fertilisers Ananth Kumar announcement for setting up medical devices and pharma parks in Gujarat, Gujarat government has finally identified and allocated the land for the same at Sanand near Ahmedabad.

Detailed Project Report (DPR) has also been submitted and a favourable response has been awaited on the same from the Centre, informed an official associated with the development.

Gujarat Food and Drug Control Administration (FDCA) commissioner Dr H G Koshia said, “A medical device park is also very much relevant for Gujarat as the state has the largest number of 135 licensed medical device companies as against 240 in the entire country which are nurtured by Gujarat FDCA with an exemplary approach and has received recognition in the country.”

He explained government’s plan to set up medical device parks will bring about quality, compliance and provide cost effectiveness in the industry by providing infrastructure to boost medical device manufacturing in India.

The creation of manufacturing park for medical devices is the need of the hour as medical devices manufacturing requires certain high investment facilities which are too capital intensive for individual manufacturers to invest upon.

Currently, due to lack of such centrally located common facilities, manufacturers do not undertake production of technologies and therefore send their products abroad for process up-gradation and value addition.

This will also help facilitate to create an ecosystem for manufacturing of high end medical device manufacturing aimed at import substitution and export opportunities and would be a major boost to SMEs.


Other News

Industry Wants ICMED Certification Mandatory For All Medical Devices Marketed In India
India And Japan To Seek Regulatory Collaboration For Medical Products
Separate Rules To Spur Medical Devices Sector Soon
Centre To Notify Revised Schedule M III For Medical Devices By June End





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