Stone to be laid for medical tech park on August 19

Andhra Pradesh Medical Technology Zone to come up at Nadupuru village near Anakapalle

Published: 04th August 2016 06:35 AM  |   Last Updated: 04th August 2016 06:35 AM   |  A+A-

Stone

VISAKHAPATNAM: IT’s official. The foundation stone for the exclusive medical technology park-Andhra Pradesh Medical Technology Zone- proposed at Nadupuru in Vizag will be laid on August 19 by chief minsiter N Chandrababu Naidu.

Announcing this here on Wednesday, Medical and Health principal secretary Poonam Malakondaiah, who inspected the 270-acre project site near Anakapalle, said that the park with an investment potential of  `20,000 crore to house various medical equipment factories.

The government will facilitate all infrastructure in the zone inviting the investors to set up their units.

The government signed an MoU with the Association of I ndian Medical Device Industry (AIMED) for the project in February this year and has decided to form a special purpose vehicle for the park. 

At present, the hospitals have been importing around 70 per cent of the medical equipment and also paying several taxes. Collector Pravin Kumar, VUDA vice-chairman T Baburao Naidu and APTMZ chief executive officer  Jitendra Sarma accompanied Poonam Malakondaiah during the site visit.

Poonam Malakondaiah asked the officials to complete the laying of a 80-ft road.

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp