The Indian healthcare industry is witnessing transformative growth, driven by an increasing focus on indigenous manufacturing, advancements in technology, and government initiatives aimed at reducing dependency on imports. A significant step in this direction is the development of North India’s first dedicated Medical Device Park at Sector 28, YEIDA, under the visionary leadership of the Government of Uttar Pradesh (GoUP).
Recognizing the vast potential of the Indian healthcare market, the Government of UP has launched an ambitious plan to create a conducive ecosystem for manufacturing medical devices. The Medical Device Park aligns seamlessly with national initiatives like the “Make in India” campaign, offering special incentives for setting up manufacturing units, fast-track approvals, and a robust framework to attract both domestic and foreign direct investment (FDI). Yamuna Expressway Industrial Development Authority (YEIDA) has been designated as the State Implementing Agency for this groundbreaking project.
Spread over an impressive 350 acres along the Yamuna Expressway, this park is strategically located in a region known for its connectivity and industrial development. The proximity to Noida International Airport ensures seamless logistics and connectivity, making it an ideal location for businesses. The park aims to address key challenges faced by Indian manufacturers, including high costs of testing and limited access to advanced scientific facilities. By creating a centralized hub for medical device manufacturing, the park will:
The Medical Device Park has already garnered significant investor interest. As of now, 59 companies have been allotted land, collectively committing an investment of approximately ₹415 crore. This influx of capital is expected to generate 5,000 direct employment opportunities, in addition to a ripple effect across ancillary industries.
The park’s infrastructure has been designed to cater to a wide range of medical device segments, including but not limited to:
Additionally, the park will facilitate the production of critical devices such as oxygen concentrators, endoscopic tools, chemotherapy systems, and intraocular lenses, among others.
According to YEIDA CEO Arun Vir Singh, the Medical Device Park will not only bolster the healthcare sector but also serve as a significant economic driver for Uttar Pradesh. By fostering local manufacturing, the park will reduce dependency on imports, encourage innovation, and position India as a global leader in medical device production.
With the Medical Device Park, Uttar Pradesh is setting a benchmark in healthcare manufacturing. This initiative is not just about creating infrastructure; it’s about shaping the future of healthcare in India, making advanced medical devices accessible, affordable, and competitive on a global scale. For investors, manufacturers, and healthcare innovators, this is a golden opportunity to be part of a transformative journey.
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