VISAKHAPATNAM: On Friday Chief Minister N Chandrababu Naidu laid the underpinning stone of AP MedTech Zone (AMTZ) at Nadupuru village near Visakhapatnam Steel Plant. This is conveyed to be the initial of its kind facility in the nation. The AMTZ is extend over 270 acre and will make available jobs to about 25,000 people.
It will serve as the hub for corporations concerned in production of medical devices. As many as 40 medical devices developed firms expressed interest to set up their units at the AP Med Tech Zone, which is predictable to be urbanized in the subsequently one year. Chandrababu Naidu has also further conveyed that, we anticipate at least 300 manufacturing corporations to come up here and provide service to about 25,000 people.
The income is predictable to be around Rs 30,000 crore a year. Stating that technology and internet of things will be the ideal combination in the future, Naidu urged all medical devices corporations to focus on these two aspects and manufactured goods world standard equipment at the AMTZ. Chief Minister NC Naidu has also further conveyed that, almost 40 per cent of the cost can be cut downward.
At present, 40 companies have shown interest and within one year we have to make the MedTech park an actuality. We will offer all infrastructures to reduce the cost for companies. He has also further conveyed that, research and development, 3D designing and testing centres will also come up in the AP Med Tech Zone.
If more land is desirable in the future, we will provide it. We will accommodate more corporations. We will give all clearances within 14 days," he conveyed, adding that Visakhapatnam is the ideal purpose for investment in the medical devices manufacturing sector. WHO India delegate Henk Bekedam has further conveyed that, the AMTZ project will be a game changer for India in the field of healthcare.
He has also further conveyed that, this has worldwide consequences, from being pharmacy hub of the world to being the medical devices manufacturing hub of the world." AMTZ chief executive officer Jitendra Kumar Sharma conveyed that, the park will change the face of healthcare in India.