Company will invest ₹ 250 crore on the facility at Medical Devices Park, Sultanpur
Vascular devices maker Sahajanand Medical Technologies (SMT) has opened the first phase of its ₹ 250 crore global hub for manufacturing and R&D at Telangana government-promoted Medical Devices Park in Sultanpur, near Hyderabad.
CEO Ganesh Sabat said the company makes coronary stents, balloon catheters, occluder and valves and has manufacturing units in Surat, Bengaluru as well as Thailand. It intends over time to make all the products at the plant in Telangana. The plan is to make, by the end of the first year, 1 million stents and 2 million balloon catheters – in Surat where its largest facility is located SMT makes about 7 lakh stents.
Initially balloon catheters will be made followed by stents, at Sultanpur, he said, adding of the ₹ 250 crore investment proposed, the company has spent ₹ 130 crore on the first phase. In two years, 1,000 people are likely to be employed at the plant here.
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