India Plans Medical Technology Park In State Of Chennai
This article was originally published in PharmAsia News
Executive Summary
India plans to establish a medical technology park in the state of Chennai to attract medical device and vaccine makers. The country's drug controller general said the proposed park would enable India to make cost-effective medical equipment for its own people, but he was unable to supply any specifics on the plan still at the discussion level. He said the work on the vaccine-making portion of the park already has begun and the health ministry soon expects to invite prospective firms to locate there. The Chennai government is donating land for the vaccine park. Local production of medical equipment is expected to reduce costs in India by 40 percent. (Click here for more