Govt’s approval to Rs 100-Crore grant for Tamil Nadu medical devices park
Govt’s approval to Rs 100-Crore grant for Tamil Nadu medical devices park
Share:

Tamil Nadu: With the Union government giving in-principle approval for establishing a medical devices park and providing Rs 100 crore grant, the Tamil Nadu government has decided to set it up in Oragadam in Kancheepuram district. The park aims to attract around Rs 3,500 crore of investment creating direct and indirect employment opportunities for nearly 10,000 persons, Stalin said in a late-night statement issued on Tuesday. The State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) will develop this park. The Central government has also given its appoval for a medical devices park for Himachal Pradesh, Uttar Pradesh and Madhya Pradesh.

According to Chief Minister MK Stalin, the government will set up the medical devices park at an outlay of Rs 450 crore on 350 acres. The proposed park will have all basic infrastructure amenities and special infrastructure facilities such as testing labs, product development and prototyping centre, calibration facility and skill development centre. This Park will house companies manufacturing medical devices like ventilators, pacemakers, surgical equipment, ophthalmic and dental implants and other medical devices.

In the Budget for 2021-22, the Tamil Nadu government announced the setting up of a Medical Devices Park. A proposal was made to the Department of Pharmaceuticals of the Union government on behalf of the State government, the Chief Minister recalled.

Tamil Nadu CM to hold high-level meeting on Neutrino Observatory project

Tamil Nadu to reopen schools for classes 1 to 8 from November 1

“Govt said it would consider Tamil Nadu proposal on HLL Biotech's vax plant”: Health Sec

Join NewsTrack Whatsapp group
Related News