Department of Pharmaceuticals Receives Proposals From Four States To Set Up Medical Device Parks

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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