Ten international medical equipment makers line up to set up shops at the park.
Ten international medical equipment manufacturers are planning to invest around Rs 250 crore in the Trivitron Medical Technology Park at Sriperumbudur.
GSK Velu, managing director, Trivitron Group of Companies, which has developed the 23.5-acre park at Sipcot Industrial Parkat Irungatukottai, said his group would invest around Rs 150 crore and the rest would be invested by other manufacturers spread over three years.
On Monday, state deputy chief minister MK Stalin inaugurated five units. The five international companies, including Aloka, Japan, will manufacture medical products such as ultrasound systems, x-ray machines, operating room tables and lights for the Indian market.
Velu said the park would have over half-a-million sft of built-up space in the next three years housing over ten manufacturing facilities. Trivitron has already signed up with Aloka, manufacturer of ultrasound technology, Biosystems of Spain, Brandon Medical of UK, ET Cardioline of Italy and Johnson Medical of Sweden.
"We are also planning to tie-up with institutes like Anna University, IIT Madras, IISC Bangalore and government hospitals for research and development in medical technology," he said.
In his inaugural address, Prathap C Reddy, chairman of Apollo Group of Hospitals, said the country needed to invest Rs 80,000 crore to create 100,000 additional beds in the next three to four years. "This is a major challenge and needs a coordinated effort from all stakeholders, including the industry and government," he said.
According to VK Subburaj, principal secretary, state department of health and family welfare, around 85 per cent of medical equipment was still being imported.
"In India, every year drugs worth Rs 80,000 are manufactured by nearly 15,500 units. Of this, nearly 550 units are in located Tamil Nadu manufacturing drugs worth Rs 5,550 crore," he said.