Rs 810 crore MoUs signed for upcoming Medical Devices Park

Chief Minister said that the State Government was now actively considering taking a Partner Country for technology and for attracting investment. Investment Outreach for Medical Devices Park would also be organised soon in prominent cities within India and outside, known for high end medical device manufacturing, he added.

Director Industries cum Managing Director, HPSIDC, Rakesh Kumar Prajapati signed these MoU on behalf of the State Government at Nalagarh, in district Solan.

The MoUs signed have verticals or products ranging from disposable syringes, cardiac stents, medical catheter, X-ray, EEG, EMG, Spirometer, IVD products, Orthopaedic Implants, Blood Bank Equipment, Oxygen Concentrators, BP monitor, electronic thermometer, audiology products, ICU ventilator, Anaesthesia machine, vestibular product, bio-signal recorder, diagnostic instruments, OT products, ICU bed. Many of these prospective entrepreneurs, who have signed MoUs, are already operating in Medical devices segments and also contributing towards exports.

A delegation of 8 MSME entrepreneurs from Mohali Medical Devices Cluster also evinced interest in setting up unit in this Park. They signed MoUs for different verticals. In the meeting, M/s ANG Life Sciences signed an MoU for setting up Nutraceutical unit in Kandrori Industrial area with a proposed investment of ₹ 70 Cr with an employment potential of 300 persons. This will be first of its kind unit in Kandrori Industrial area.