Tamil Nadu: Centre Govt Gives Nod To Rs 100 Crore Grant For Setting Up Medical Devices ParkGovernment doctors. (representative image)

With the Central government giving in-principle approval for setting up a medical devices park and providing Rs 100 crore grant, the Tamil Nadu government has decided to set it up in Oragadam in Kancheepuram district.

According to Chief Minister M.K.Stalin, the government will set up the medical devices park at an outlay of Rs 450 crore on 350 acres.

The proposed park will have all basic infrastructure facilities and special infrastructure such as testing labs, product development and prototyping centre, calibration facility and skill development centre.

This Park will house companies manufacturing medical devices such as ventilators, pacemakers, surgical equipment, ophthalmic and dental implants and other medical devices.

The park aims to attract around Rs 3,500 crore of investment creating direct and indirect employment opportunities for nearly 10,000 persons, Stalin said in a late night statement issued on Tuesday.

The State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) will develop this park.

The Central government has also given its nod for a medical devices park for Himachal Pradesh, Uttar Pradesh and Madhya Pradesh.

This news has been published via a Syndicated feed. Only the headline is changed.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber