Vijayawada

Medical devices to be manufactured in Vizag

Chief Minister N. Chandrababu Naidu and Union Minister Ashwini Kumar Chowbey going round the units at A.P. Medtech Zone after inaugurating it in Visakhapatnam on Thursday.

Chief Minister N. Chandrababu Naidu and Union Minister Ashwini Kumar Chowbey going round the units at A.P. Medtech Zone after inaugurating it in Visakhapatnam on Thursday.   | Photo Credit: C.V.Subrahmanyam

CM inaugurates AMTZ first phase; product rollout next month

Chief Minister N. Chandrababu Naidu has said there is immense potential waiting to be tapped in the medical devices market across the globe, with the top five countries projected to have a market of US $ 409 billion by 2023 and US $ 800 billion by 2030.

Mr. Naidu, along with Union Minister of State for Health Ashwini Kumar Choubey, dedicated the first phase of the Andhra Pradesh Medtech Zone (AMTZ) to the nation, at Peda Gantyada here on Thursday.

Later, speaking at the inaugural of the three-day 4th WHO Global Forum meet on Medical Devices – Increasing access to medical devices, organised on the occasion, the Chief Minister said the size of the medical devices market in Asia was of the order of US $ 5 billion with a growth rate of 17 % , which was highly impressive.

He said Visakhapatnam was set to emerge as the major hub for the manufacture of medical devices in the country, meeting the requirements of domestic as well as export markets.

Over 80% of the medical devices, which were presently being imported, could be manufactured at the AMTZ, and even exports could be taken up at a later stage.

Centre’s initiative

Mr. Ashwini Kumar said the Central government had set up two incubation centres at the AMTZ.

He also spoke about the initiative of the Modi government in providing universal health coverage to 130 crore people across the country under the ‘Ayushman Bharat’ scheme.

Special Chief Secretary, Health and Family Welfare, Government of A.P., Poonam Malakondaiah, said all the facilities had been set up in the park for manufacture, testing, and certification of medical devices. She said the product rollout from the park would begin from January 2019.

Chief Executive Officer of AMTZ Jitendar Sharma said India was importing medical devices worth ₹30,000 crore per annum.

Cost benefit

Recalling the initiative of the Chief Minister in the establishment of AMTZ, Dr. Sharma said, apart from bringing down the high cost of medical equipment by about 50%, it would also give a boost to the ‘Make in India’ initiative of the Centre.

Health Minister Md. Farooq, Additional Secretary, Ministry of Health and Family Welfare, R.K. Vats, WHO representative Henk Bekedam, and senior adviser on medical devices from WHO headquarters Adriana Balazquez were among those who spoke.

Stone for second phase

Later, the Chief Minister laid the foundation for construction of the second phase of the project.

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Printable version | Mar 27, 2020 10:51:49 PM | https://www.thehindu.com/news/cities/Vijayawada/medical-devices-to-be-manufactured-in-vizag/article25736812.ece

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