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Vermeiren India Rehab Private Limited, a wholly-owned subsidiary of the Belgium-based Vermeiren Group, inaugurated its manufacturing base in Sri City on Friday.
The unit, which is Vermeiren's first in India, has been set up on a 9-acre plot in the SEZ to manufacture rehabilitation equipment like manual wheelchairs.
The present capacity of the plant will be about 30,000 wheelchairs per year. By 2020 the company plans to expand and produce around 1,50,000 wheelchairs.
Besides catering to export, the unit will also meet the domestic demand as well. It will employ around 75 initially, and this number will go up to 250-300 employees by 2020
Kamineni Srinivas, Andhra Pradesh Minister of Health and Medical Education, unveiled the plaque in the presence of Bart De Groof, Consul General of Belgium in Chennai, Patrick Vermeiren, Chief Executive Officer, Vermeiren Group.
Patrick Vermeiren said they have invested Rs 40 crore for setting up the plant. India is a very important market and we want to market our products at a reasonable cost.
Vermeiren Group, which established its production plant in Belgium in 1957, is a globally renowned brand in rehab care equipment. Sri City plant is its fourth plant.
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