Japan, Britain to produce medical equipment in Tamil NaduMay 19th, 2008 - 8:21 pm ICT by admin
New Delhi, May 19 (IANS) Medical equipment manufacturers from Japan, Britain and Spain have joined hands with Indian company Trivitron to produce devices at the country’s first ever Medical Technology Park in Tamil Nadu. Trivitron officials Monday said the company has signed three agreements with Aloka from Japan, Biosystems of Spain, and Brandon Medical, a Britain-based company.
They will manufacture black and white Ultrasound Systems and Colour Dopplers, a wide range of diagnostics reagents and shadowless high-end operating theatre lights.
Trivitron, one of the top 10 medical equipment manufacturers of India, is coming up with the medical technology park over an area of 23 acres at an initial investment of Rs.2.5 billion.
“Our aim is to position India as an alternate viable low-cost manufacturing hub on the global manufacturing map of medical technology products,” said G.S.K. Velu, Managing Director of the Trivitron group of companies.
“The medical technology park (MTP) proposes to employ over 1,000 people in the coming three years and will create abundant employment opportunities for the people of Tamil Nadu.
“The products manufactured in MTP will be priced 30 to 50 percent less than the current price,” Velu said after laying the foundation stone of the park in Sriperumbudur, near the state capital Chennai.
Trivitron plans to invest Rs.1.7 billion in the project and the remaining Rs.800 million will be raised through various joint ventures.
Expressing pleasure over the partnership, Yoshihiro Yoshikawa, President, Aloka, said the initiative would change the face of the medical technology manufacturing industry in India.
“The demand for high quality ultra-sound equipment is constantly increasing. The domestic manufacturing will help in keeping a check on the rising cost of healthcare in India,” Yoshikawa added.
The company officials said the park would adhere to international norms and standards of medical device manufacturing.
The aim of the MTP is to develop high quality, cost effective medical technology products suited to the needs of developing countries. This will also enhance the accessibility and affordability of these products to the rural Indians.
Authorities said initially the focus would be on producing medical technology products for emerging markets with particular emphasis on South Asia, Middle East and African markets.
The medical equipment and diagnostic tools will be manufactured in the area of critical care, cardiac care, imaging and routine laboratory diagnostics.
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