ECDS to set up medical equipment manufacturing unit with ₹780 cr investment

ECDS, an organization specialised in sustainable growth applied sciences, on Wednesday introduced it is going to set up a medical equipment manufacturing unit in Ujjain with an preliminary investment of ₹780 crore underneath a three way partnership with three South Korean firms.

In accordance to the corporate, this can be its first manufacturing facility in India.

“We now have submitted a proposal to the state authorities to set up a unit on 15.60 acres of land within the Medical Equipment Park in Vikram Udyogpuri, Ujjain, of which now we have already acquired 1.5 acres. This can be our first unit within the nation,” stated Rajesh Bharadwaj, director of ECDS’s Indian department.

He stated development will start this yr with an preliminary investment of Rs 780 crore, and the primary section of manufacturing will begin by April 2027.

“Within the first section, efforts can be made to present employment to roughly 500 folks,” Bharadwaj advised reporters in Indore.

He stated ECDS has partnered with three South Korean firms in a 50:50 three way partnership to implement the Ujjain venture.

He stated that an extra investment of Rs 1,250 crore can be made within the subsequent section inside three years of the beginning of manufacturing.

Bhardwaj added that ECDS’s first unit in India will manufacture kits for testing ailments corresponding to most cancers, kidney illness, and diabetes. These gadgets can be manufactured utilizing nanofiber expertise and biomass polymer expertise.

He additional stated that ECDS has proposed to the state authorities that it could possibly use cutting-edge synthetic intelligence (AI) expertise to handle crowds on the Simhastha Kumbh Mela in Ujjain in 2028.

(Solely the headline and film of this report might have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)