Department of Pharmaceuticals has approved four medical devices park across India

  • Posted on: 16 December 2019
  • By: PharmaTutor News

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Department of Pharmaceuticals has approved four medical devices park across India and around Rs. 25 crores finacial assiatance to each, informed by Sh Ashwini Kumar Choubey, Minister of State (Health and Family Welfare).

Department of Pharmaceuticals under the Ministry of Chemicals & Fertilizers has a sub-scheme viz. Assistance to Medical Device Industry for Common Facility Center under the umbrella scheme for Development of Pharmaceuticals Industry.

Under this sub-scheme, financial assistance to the tune of Rs.25 Crore or 70% of the project cost, whichever is less may be provided for creation of common facilities under any Medical Device Park promoted by State Governments/State Corporations.

Department of Pharmaceuticals has received four proposals under this sub-scheme from (i) Andhra Pradesh Medtech Zone Ltd. (AMTZ), Andhra Pradesh, (ii) Telangana Medical Device Park, Telangana (iii) Kerala State Industrial Development Corporation (KSIDC), Kerala & (iv) HLL, Medipark Ltd (HML), Tamil Nadu. Department of Pharmaceuticals has given ‘in-principle” approval to all the said proposals.

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