: While complimenting the Andhra Pradesh government for launching work on India’s first dedicated medical devices manufacturing park in the city, several investors from across the country made a strong pitch to develop an ecosystem to become make the project a grand success.
Chief Minister N. Chandrababu Naidu, who laid the stone for the park near Visakhapatnam Steel Plant, received all-round praise from the investors at the summit conducted by Andhra Med Tech Zone Limited at Ukku Club, said investors would be offered a slew of incentives, including 25 per cent capital subsidy for MSME units.
Incentives under PM's scheme too
The Central government’s pharmaceutical, commerce and other ministries will also provide incentives under Prime Minister Narendra Modi’s flagship ‘Make in India’ programme and thanked Union Ministers H.N. Ananth Kumar and M. Venkaiah Naidu for their support.
In his hour-long interaction, Mr. Naidu said Andhra Med Tech Zone Ltd, a new company registered to develop the park, was always open to suggestions.
“We are firm on making technology and Internet of Things a deadly combination for smart business and governance,” he said.
Mr. Naidu was lauded by Dr. Hendrik Jan Bekedam, WHO representative in India, who said the park was a landmark development in the direction of making healthcare affordable and cited how Egypt scripted its success story in medical device manufacturing.
Dayanidhi, an investor from Hyderabad, who recalled Mr. Naidu’s contribution in making Hyderabad an IT hub, said the importance of creating a market place for electronic component could not be ignored to make medical devices park a success.
