Triviton ties up with three multination to manufacture medical equipment in Tamil Nadu
May 21, 2008
New Delhi – Foremost manufacturers of medical instruments from countries like from Japan, Britain and Spain have joined hands with Indian company Trivitron to manufacture devices at the country’s first ever Medical Technology Park placed in Tamil Nadu.
Trivitron authorities on Monday said the company has signed 3 contracts with Aloka from Japan, Bio-systems of Spain, and Brandon Medical, a Britain based corporation. They will produce black and white Ultrasound Systems and Color Doppler, a wide range of diagnostics reagents and shadow-less high end operating theatre lights. Trivitron, one of the top ten medical gadgets manufacturers of India, is coming up with the medical technology park over an area of 23 acres at an preliminary investment of Rs.2.5 billion. ‘Our aim is to place India as an alternate viable low cost manufacturing hub on the global manufacturing map of medical technology products,’ said G.S.K. Velu, MD of the Trivitron group of companies.
‘The medical technology park (MTP) proposes to employ over 1,000 people in the coming three years and will create abundant employment opportunities for the people of Tamil Nadu. ‘The products manufactured in MTP will be priced 30 to 50 percent less than the current price,’ Velu said
Official said at first the focus would be on producing medical technology products for up-and-coming markets with meticulous emphasis on South Asia, Middle East and African markets. The medical gadgets and diagnostic tools will be manufactured in the area of critical care, cardiac care, and imaging and routine laboratory diagnostics.
IANS
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