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  • PM Modi inaugurates...

PM Modi inaugurates medical devices plant in Vapi

Written By : Ruchika Sharma |Medically Reviewed By : Dr. Kamal Kant Kohli Published On 30 Oct 2024 7:06 AM  |  Updated On 30 April 2025 12:04 PM
PM modi inaugrates medical devices plant
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Vapi: Prime Minister Narendra Modi virtually inaugurated a Meril manufacturing facility, a medical device producer and exporter, in Vapi, Valsad district, Gujarat, on Tuesday. According to a press release, the facility was set up under the Production Linked Incentive (PLI) scheme. Gujarat Chief Minister Bhupendra Patel attended the inauguration at Meril’s headquarters in Vapi.

Meril has bolstered India's global footprint and it is actively reducing India's dependence on foreign imports and supporting the vision of Atmanirbhar Bharat, said the release.

According to PTI, Meril CEO Vivek Shah said, "We are honoured to be recognised under the PLI scheme, aligning with India's vision of self-reliance in healthcare. This new facility embodies Meril's commitment to innovation and quality, enabling us to deliver advanced healthcare solutions globally across 150 countries."
At the 2024 Vibrant Gujarat Global Summit, Meril signed a Memorandum of Understanding (MoU) with the Gujarat government, committing Rs 910 crore in new investments in the medical devices sector.
To date, Meril has invested over Rs 1,400 crore, highlighting its commitment to India's medtech ecosystem. This investment is expected to create 5,000 jobs and significantly reduce imports of critical medical devices, said the release.
Under the PLI scheme, four of Merilas group companies operating in Structural Heart, Vascular Interventions, Orthopaedics, and Endo-Surgery are included, supporting the production of essential devices domestically, it added

Read also: PM Modi inaugurates Lyfius Pharma Penicillin-G Facility in AP



PM narendra modimerilPLI schemeBhupendra PatelVivek Shah
Source : with inputs
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

    Dr. Kamal Kant Kohli
    Dr. Kamal Kant Kohli

    Dr Kamal Kant Kohli-MBBS, DTCD- a chest specialist with more than 30 years of practice and a flair for writing clinical articles, Dr Kamal Kant Kohli joined Medical Dialogues as a Chief Editor of Medical News. Besides writing articles, as an editor, he proofreads and verifies all the medical content published on Medical Dialogues including those coming from journals, studies,medical conferences,guidelines etc. Email: drkohli@medicaldialogues.in. Contact no. 011-43720751

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