Medical Devices company to invest Rs 250 crore 


Leading medical device manufacturer S3V Vascular Technologies decided to invest Rs 250 crore in the Medical Devices Park in Hyderabad.
The company S3V signed an agreement with the state government. Company promoters Badri Narayan and Dr Vijaya Gopal met state industries and IT minister KT  Rama Rao to discuss unit arrangements at the Medical Devices Park.
He said the park has registered tremendous growth since its inception in 2017 with a target of creating 7,000 direct jobs.  He said the government was committed to promoting research, development, innovation, manufacturing and other sectors.
The company’s promoter Badri Narayan said that their goal is to make cheap medical devices.  The manufacturing facility, which will invest Rs 250 crore, will manufacture a drug-eluting stent.  The industry will provide direct employment to 500 people and indirect employment to 250 people in their company.  The organisation will have three divisions, namely Neuro Interventional, Medical Devices, Neuro Training Center, Cardiac Interventional, Medical Devices, Drug-Coated, Critical Care Catheters and more.  He said the company would be set up on one lakh square feet in an area of ​​five acres as per USFDA regulations.  The event was attended by Jayesh Ranjan, Chief Secretary, Ministry of Industries, Shakti Nagappan, Director, Life Sciences, Pharma Division and others.

By Gollapudi Srinivasa Rao

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