All the required infrastructure is falling in place for the ambitious Med tech zone planned in Vizag. Andhra Med Tech Zone (AMTZ) is Asia’s first dedicated medical device park in an area of 226 acres at Visakhapatnam in Andhra Pradesh. The park is proposed to have all such facilities in-house that are required for specialized product verticals to reduce manufacturing process costs. The park will provide for modern state of art common facilities such as specialised laboratories, warehousing, testing centre apart from 100 to 150 independent manufacturing units, each in a built-in ready to use area of 0.5 to 1 acre each.
Indian medical device industry is worth over Rs. 60,000 crore and country’s humongous import bill for this segment amounts to over Rs. 23,000 crore while export amounts to only over Rs. 7,000 crore. India’s import dependency on high-end medical devices is over 80 per cent and 60 per cent to 70 per cent for other devices. And this is where the dedicated medical device park would be of great value – reducing humongous import dependency, increasing export while generating wealth and employment within.
The Transmission Corporation of Andhra Pradesh Limited (APTransco) will set up Asia’s largest industrial substation for the proposed Andhra Med Tech Zone (AMTZ) in Visakhapatnam. This Med Tech Zone is expected to draw very large volumes of electricity.
In the first phase, the substation will supply a load of about 25 MW each day to the industries before extending it manifold. The state government has earmarked about 226 acres near Nadupuru village in Pedagantyada mandal for the AMTZ and about 10 acres was allocated to the Transco for this sub-station.
Meanwhile, the Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL) will erect two 33 x 11 KV substations on about 2 acres in the same area, each costing Rs 1 crore. These would supply stepped down voltage to the industries from Transco’s substation. Annually, around Rs 20,000 crore worth of medical equipment, which is about 70 per cent of the country’s requirement, is imported into India. But the Andhra Med Tech Zone, housing high capital-intensive common scientific facilities, will help reduce the cost of manufacturing in India itself.