Centre to set up clusters for medical devices manufacturing

Image
Vijay C Roy New Delhi/ Chandigarh
Last Updated : Jan 21 2013 | 12:54 AM IST

The Centre is planning to set up a dedicated cluster for medical devices manufacturing and the first medical devices park would come up in Gujarat followed by Tamil Nadu and Andhra Pradesh. The facility would also have common facilitation centre (CFC) for R&D. The Centre would set up the CFC in association with the state government.

This was revealed by secretary, department of pharmaceuticals, Ministry of Chemicals & Fertilisers, Ashok Kumar, who was in Mohali (Punjab)to inaugurate a three-day seminar on “ Emerging Trends in Diagnosis & Experimental Chemotherapy of Tuberculosis.”

Speaking to Business Standard he said, “At present almost 80 per cent of the medical devices are imported from overseas, so visualising the potential and need, the ministry decided to set up medical devices cluster in Gujarat, which would be spread over 144 acres. We have also plans to set up common facilitation centre at the proposed location to help the units situated in the cluster as well as nearby to assist them in R & D. The work on the proposed project is likely to be kicked off from July 2010. Further, on lines of Gujarat cluster, in second phase we are planning to set up medical devices cluster at Chennai and Andhra Pradesh.” According to industry estimates, the total market for medical devices in the world is estimated at around Rs 20,000 crore.

Commenting upon the pharmaceutical industry, he said,” This year has been pretty good for the industry. We expect that overall the industry will grow by 15 per cent by the end of this fiscal year. So far exports is concerned it is likely to grow by 22-25 per cent, while the domestic market is expected to grow by 15 per cent.” It is worth mentioning that last fiscal year the total turnover of the pharmaceutical industry was Rs 90,000 crore

On being asked about unbranded generic (generic generic) drugs store popularly known as Jan Aushadhi, he added, “At present 40 stores are there across India and they are doing very well. We plan to take the total number of such stores to 70-75 by the end of this fiscal. Further, we have plans to open generic drugs store in each district of the country by the end of 2012.”He added that there would be less margin in these drugs and so the drug sold in these stores would be cheaper.

Interacting with Business Standard, he also informed that the Centre had plans to open dedicated Small and Medium Pharmaceutical Industry Centre (SMPIC) in seven new NIPER institutes in a phased manner on the lines of the country’s first dedicated SMPIC, which has been set up at National Institute of Pharmaceutical Education and Research (NIPER), Mohali in Punjab.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 03 2009 | 12:42 AM IST

Next Story