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23 Aug 2023

Establishment of Medical Devices Park

Objective

1. Creation of world class infrastructure facilities in order to make Indian medical device industry a global leader.

2. Easy access to standard testing and infrastructure facilities through creation of world class Common Infrastructure Facilities for increased competitiveness will result into significant reduction of the cost of production of medical devices leading to better availability and affordability of medical devices in the domestic market.

3. Exploit the benefits arising due to optimization of resources and economies of scale.

 

Quantum of Assistance

Common facilities, calibration, testing, quality control, waste management, etc. – one-time capital subsidy up to 50% of the total cost subject to a ceiling of INR 5.00 crore and remaining 50% from the stakeholders / developer in all Zones.

 

Eligibility

Developers/Stakeholders