Trivitron Healthcare, a medical device manufacturing company, will start producing newborn screening kits from its Sriperumbudur unit in the next two months, said a top official.
Talking to The Hindu , G.S.K. Velu, Founder and Managing Director of Trivitron group of companies said they will start making at least two million kits from the Labsystems Diagnostics IVD factory at Trivitron Medical Technology Park, near Chennai, and are waiting for regulatory approval.
“The market size of Indian healthcare industry is Rs.40,000 crore and it is 85 per cent import dependent. It is expected to reach Rs.1.30 lakh crore by 2020. At this rate, healthcare is not going to be expensive. Under the Make in India initiative, we are not only going to make this technology accessible, but also affordable to the 27 million babies born in India. Newborn screening kit will be the first ever Made-in-India product for the nation from this new facility. With the help of in-house development and manufacturing, we are going to bring down the import content,” he said.
Apart from new born screening kits, the new facility will manufacture high-tech diagnostics kits first time in South Asia using mass spectrometry, molecular diagnostics, new generation point of care diagnostics platform for various diseases and disorders in women and child area and infectious diseases diagnosis area, he said.
The Diagnostics IVD factory is an Indo-Finnish joint collaboration and employs over 500 people. It was inaugurated by Prime Minister Narendra Modi in the presence of Finland Prime Minder Juha Sipila on February 13 in Mumbai.
Trivitron Medical Technology Park is spread over 25 acres and three facilities, including the new one. Mr. Velu said they were planning to set up modern x-ray manufacturing facility at an investment of over Rs.100 crore. It would be ready within the next 18 months.
“We will start making some of the products in India as the cost of labour is high in Finland. Besides, India has the scale and skill to meet the domestic and nearby markets,” another official said.