Med­i­cal Park

Southasia - - BRIEFS -

govern­ment of Gu­jarat in In­dia will es­tab­lish the coun­try's first med­i­cal park, which will help In­dia boost its pro­duc­tion of high-end med­i­cal prod­ucts and meet its in­dige­nous re­quire­ments of med­i­cal equip­ment on its own. Cur­rently, In­dia ex­ports medicines to more than 200 coun­tries, but it is still de­pen­dent on other coun­tries for med­i­cal equip­ment. It is the fourth largest mar­ket in Asia, the retail mar­ket of med­i­cal equip­ment in In­dia is es­ti­mated at about Rs 60,000 to 70,000 crore, while its lo­cal pro­duc­tion ac­counts for a mere 2 per cent of the global in­dus­try. A ‘Phar­ma­ceu­ti­cal Park’ is also un­der way in Gu­jarat.

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