UP will emerge the hub of medicine and medical equipment manufacturing
UP will emerge the hub of medicine and medical equipment manufacturing
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LUCKNOW: Uttar Pradesh is all set to emerge as a major medical equipment manufacturing hub, as land being earmarked for the development of a medical device park by the Yamuna Expressway Industrial Development Authority (YEIDA). Also a pharma park in the pipeline in Lalitpur.

As per reports, the Central government had decided last year to establish medical device parks and pharma parks in different states to achieve self-sufficiency in medical equipment and pharmaceutical production. It was decided then that these parks would be developed in states with a better infrastructure. Entrepreneurs will receive financial help from the Department of Pharmaceuticals to develop manufacturing facilities in these parks. The state government also announced concessions for the investors under the Industrial Development Policy.

Chief Minister Yogi Adityanath gave his consent for a medical device park on land identified by YEIDA and a pharma park at Lalitpur and a proposal in this regard was prepared and sent to the Central government. The construction of these parks will begin as soon as the Yogi government gets an approval from the Centre. According to state government officials, the medical device park and pharma park will together boost the pharmaceuticals and medical equipment manufacturing businesses in the state.

 

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