The government of India recently announced plans to build the country’s first industrial parks dedicated to medical device manufacturing. The first such medtech park is planned to be constructed in Gujarat, while the second one is planned for Chengalpattu in Tamil Nadu.
“We have spoken to the Gujarat Chief Minister already on this and the state based National Institute of Pharmaceutical Education and Research will be the nodal institute to supervise it,” said Ananth Kumar, union minister of chemicals and fertilizers, in a recent report from the Economic Times. “We have also spoken to the finance minister and revenue secretary to firm up the incentive structure that can be provided for the same.”
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