Solan: NIPER, Himachal Pradesh Govt ink pact for medical devices park

State Planning Department has sanctioned Rs. 74.95 crore to the State Implementing Agency for development of this Park and the Department of Pharmaceuticals, GoI would soon release first installment worth Rs. 30 crore of grant-in aid.

Chief Minister said that this is a prestigious project for the State and is also of National Importance. He said that the State Government is committed in creating a State-of-Art Sector-Specific Park. He said that as manufacturers in this Park will be producing high value products, therefore the State Government will be exploring Industry-Academia linkages across the world. He said that directions have been given to Industries Department to do an Investment Outreach Program with investors across India and countries such as Israel, Japan, South Korea, Taiwan and Germany that have a cutting-edge technology in Medical Devices sector. An Investment Outreach has already been initiated and a delegation from South Korea will be visiting Himachal Pradesh in May, he added.

Director Industries cum Managing Director, HPSIDC, Rakesh Kumar Prajapati on behalf of the State Government signed a Memorandum of Understanding with Director, National Institute of Pharmaceutical Education and Research (NIPER), Mohali Professor Dulal Panda, as the Knowledge Partner for upcoming Medical Devices Park, Nalagarh in District Solan.