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The Andhra Pradesh Government will develop an exclusive industrial park for the manufacturing of medical devices.
This was announced by Chief Minister N Chandrababu Naidu after a meeting with the representatives of Indian medical device industry led by Rajiv Nath, Forum Coordinator of Association of Indian Medical Device Manufacturers and Joint Managing Director of Hindustan Syringes & Medical Devices, and a team of central government officials.
It may be noted that the Indian medical devices industry is worth over Rs 60,000 crore. The country’s humongous import bill for this segment amounts to over Rs 23,000 crore, while export amounts to only over Rs 7,000 crore.
India’s import dependency on high-end medical devices is over 80 per cent and 60-70 per cent for other devices.
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