India is planning to establish a dedicated zone for medical devices manufacturing and the first medical devices and equipment park in Gujarat state, Press Trust Of India (PTI) reported. With a total investment of upto INR3.5 billion, work on the park is expected to commence by November 2009.
Minister of State for Chemicals and Fertilisers (India) Srikant Kumar Jena told PTI on the sidelines of a Ficci conference: “We are taking a cluster approach for developing the medical device sector in the country and first such medical device park would come up in Gujarat.”
Infrastructure Leasing & Financial Services Limited (IL&FS), a financial service firm, has carried out pre-feasibility study for establishing the medical equipment park and submitted a report to the ministry after the Gujarat government expressed interest in setting up the park near Ahmedabad.