First Medical Technology Park in Vishakhapatnam, Andhra Pradesh

Q.  First Medical Technology Park has been set up in
- Published on 06 Sep 16

a. Bengaluru
b. Thiruvananthapuram
c. Gurgaon
d. Vishakhapatnam

ANSWER: Vishakhapatnam
 
  • First Medical Technology Park has been set up in Vishakhapatnam, Andhra Pradesh with an investment of Rs. 1200 crore.
  • Himachal Pradesh, Gujarat, Telangana and Maharashtra have also shown interest in setting up such parks and Government of India is ready to support these efforts.
  • Setting up of these parks can bring down the manufacturing cost by 30 per cent and make Indian Medical technology sector globally competitive , due to pooling of common facilities.
  • Government is taking several steps to promote the medical devices sector in the country. The inverted duty structure has been set right. GST will further bring down the taxation in the sector by almost 12 per cent.

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