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Cabinet OKs proposal for medical device park

The state cabinet on Wednesday approved the proposal to implement the medical device park scheme in the state.

Chief minister Pramod Sawant said the proposal has already been submitted to the Centre and that some changes to the scheme would be made.

Post-facto approval was granted for a report prepared by PwC, the consultant, with regard to the queries raised by the Industrial Finance Corporation of India Ltd (IFCL) over the medical device park proposed for the state.

The report was subsequently submitted to the IFCL, which is the project management agency for the medical device park scheme under the Union department of pharmaceuticals.

In 2019-20, Goa, along with Gujarat, Telangana, Andhra Pradesh and Himachal Pradesh were trying to woo Japanese manufacturers to invest and manufacture drugs and medical devices in bulk. In November 2019, the Centre gave the go-ahead for four medical device parks to come up in Andhra Pradesh, Kerala, Telangana and Tamil Nadu.

Goa’s industries department was in talks with the Centre to explore the possibility of setting up a manufacturing cluster for medical devices.

The moves are in line with the state government’s attempt to make Goa a healthcare hub, where medical tourism and production of healthcare equipment go hand-in-hand. India’s medical device sector is currently valued at $11 billion, according to the national investment promotion and facilitation agency, Invest India. ToI