Hyderabad: In another major achievement for Telangana, the Union government has given the nod to the State government to set up the medical devices park at Sultanpur in Sangareddy district.
IT and Industries Minister KT Rama Rao, who laid the foundation stone for the Medical Devices Park in June 2017, had said 14 companies had come forward to set up their units at the facility, coming up over 250 acres. The investment that would flow in from the companies would be to the tune of Rs 450 crore and would create direct employment for 4,000 persons and indirect employment to another 8,000.
The park, with a dedicated ecosystem for MedTech innovation and manufacturing, would be the largest facility in the country for medical devices and electronics, and will focus on medical innovations, R&D and manufacturing.
The Centre gave the nod for three other medical devices parks besides Telangana with a view to supporting ‘Make in India’ initiative and provide world-class products at affordable prices for treatment. They would be set up in Andhra Pradesh, Tamil Nadu and Kerala, sources said, adding that Uttarakhand and Gujarat have also approached the Centre for a go-ahead for such parks.