Indore: ECDS, an organization specialised in sustainable growth applied sciences, on Wednesday introduced it’s going to set up a medical equipment manufacturing unit in Ujjain with an preliminary investment of Rs 780 crore below a three way partnership with three South Korean corporations.
In accordance to the corporate, this will probably be its first manufacturing unit in India.
“Now we have submitted a proposal to the state authorities to set up a unit on 15.60 acres of land in the Medical Equipment Park in Vikram Udyogpuri, Ujjain, of which now we have already acquired 1.5 acres. This will probably be our first unit in the nation,” mentioned Rajesh Bharadwaj, director of ECDS’s Indian department.
He mentioned development will start this yr with an preliminary investment of Rs 780 crore, and the primary part of manufacturing will begin by April 2027.
“Within the first part, efforts will probably be made to present employment to roughly 500 individuals,” Bharadwaj informed reporters in Indore.
He mentioned ECDS has partnered with three South Korean corporations in a 50:50 three way partnership to implement the Ujjain challenge.
He mentioned that a further investment of Rs 1,250 crore will probably be made in the following part inside three years of the beginning of manufacturing.
Bhardwaj added that ECDS’s first unit in India will manufacture kits for testing ailments similar to most cancers, kidney illness, and diabetes. These units will probably be manufactured utilizing nanofiber expertise and biomass polymer expertise.
He additional mentioned that ECDS has proposed to the state authorities that it may possibly use cutting-edge synthetic intelligence (AI) expertise to handle crowds on the Simhastha Kumbh Mela in Ujjain in 2028. PTI
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