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AP govt, AMTZ hold first Investors' meet at Medica, Germany; gets good response from industry
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Shardul Nautiyal, Mumbai
November 19 , 2016
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Government of Andhra Pradesh and senior management of Andhra Med Tech
Zone (AMTZ) led an ‘exclusive investors meet’ at world’s largest and
most attended medical devices expo -Medica on November 15 at Dusseldorf,
Germany. This was AMTZ first international summit at Dusseldorf.
Advisor
to government of Andhra Pradesh and CEO of AMTZ Dr. Jitendar Sharma
said that the response from industry has been very encouraging and 10
per cent of the proposed factories have already been booked since
October 2, 2016 when the booking for AMTZ was launched. The zone has
received applications from some of the largest companies. Medica summit
saw tremendous support from Indian Trade Promotion Organization (ITPO)
and Association of Indian Medical Device Manufacturers (AIMED) also.
Since the foundation ceremony of AMTZ done by CM Chandrababu Naidu on
August 19, 2016, the AMTZ park has seen a steady stream of
manufacturers.
As a step towards initiating the process for
involving and inviting potential investors for the medical device park,
bookings started from October 2, 2016 followed with short-listing
eligible investors based on a selection criteria subsequent to the
booking process.
Earlier, over 50 companies had shown interest
and 38 companies submitted Expression of Interest (EoI) letters
subsequent to Andhra Pradesh government inviting EoI letters from
potential investors.
Proposed to be built on 271 acres of land
with a seed capital of Rs. 25 crore, AMTZ will set up in-house high
capital intensive common scientific facilities helping medical device
manufacturers reduce the cost of manufacturing in the country.
The
park will provide for all capital intensive scientific facilities
required by most medical device manufacturers and modern state of art
180-200 independent manufacturing units, with varying sizes of 0.25
acre, 0.5 acre and 1 acre. AMTZ would include facilities such as
Component testing centre, Electro-magnetic interference laboratory,
Medical grade low vacuum molding, cabinet molding, injection molding
centres, 3D designing and printing for medical grade products,
Sterilization & Toxicity testing centre, Radiation testing centre,
Gamma Irradiation facility, Rapid Prototyping Centre, Warehousing and
Regulator’s office.
The Summit was attended by a large number of
companies- both national and international. After an interactive
session, the AMTZ project was applauded by the med tech industry as the
first of the kind medical devices park.
The delegation had
principal secretary Dr. Poonam Malakondaiah, AMTZ CEO Dr. Jitendar
Sharma, vice-presidents – Judish Raj and Manish Gangal from Andhra Med
Tech Zone. The summit also had participation from vice-counsel from
Consulate General of India, at Germany TS Ramesh and officials of ITPO.
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