MedAchievers Ivy League Volume 1 - Page 36

IDEA THAT MADE AN ACHIEVER Indian Medical Device manufacturing sector has remained nascent, leading to tremendous import dependencyleading to high cost of medical products and services in India. Govt. of Andhra Pradesh aims to establish country's rst Medical Technology Manufacturing Park at Vishakhapatnam with a goal to form an internationally recognized manufacturing hub for medical devices, reduce import dependency, make Andhra Pradesh a leader in medical technology exports, generate employment, and contribute to volume generated cost reduction of medical devices for patients. T H E B U S I N E S S M O D E L&K E Y ACHIEVER STEPS Medical devices manufacturing requires certain high investment facilities which are too capital intensive for individual manufactures leading them to either not undertake production requiring these technologies or send their products abroad for process up-gradation and value addition. AMTZ would have such facilities in-house to reduce manufacturing process costs, and being located well connected with Railways, Roadways, Waterways and Airways with near presence of Industrial Corridors, Port and Harbour, logistical costs will also reduce. The park will provide for 200-300 modern state of art independent manufacturing units, each of a ready to use plot area of 0.25, 0.5 and 1.0 acres. Facilities included are:  Component Testing Centre  Electro-magnetic Interference Laboratory  Medical grade Low Vacuum Molding, Cabinet Molding, Injection Molding Centres  3 D Designing and Printing for Medical Grade Products  Sterilization & Toxicity Testing Centre  Radiation Testing Centre KNOW US  Gamma Irradiation facility  Rapid Prototyping Centre  Industrial R & D Centre Our roadmap for the next ve years is  Incubation Centre ready with year-wise deliverables. First  Convention Centre & Expo Halls year leads to formation of AMTZ,  Warehousing  Certifying & Regulator’s ofce  Other facilities commonly required in manufacturing of medical devices CHAMBER OF SECRET The Foundation Stone was laid on August 19, 2016 by Shri N. Chandrababu Naidu where he interacted with prospective manufacturers and service providers under the AMTZ Investors' Summit 2016. The AMTZ Team is led under the able guidance of Dr. Jitendar Sharma, CEO of AMTZ and the brain behind this project. Senior Management of AMTZ includes Shri Manish Gangal, VP (Operations), Shri Vipin Ramachandran, VP (Finance) and Shri Nitin Bharadwaj, VP (HR & Admin), each bringing along with them valuable industry experience and a dedication to serve the nation in this noble mission. MY JOURNEY & MY WAY second year will be utilized by manufacturers to set up their brandspecic interior assembly units. In the third and fourth years, AMTZ intends to saturate the domestic requirement and henceforth we go ahead with exploring the international markets and provide low-cost international quality medical equipments.