Medical Device Park | 27 Sep 2021

Recently, the Central Government has given in-principle approval for the establishment of a Medical Device Park in Uttar Pradesh under the 'Promotion of Medical Device Park Scheme'.

According to the Uttar Pradesh government, the Medical Device Park will be set up in Gautam Budh Nagar.
It is noteworthy that to encourage the medical device industry in the country, the Ministry of Fertilizers and Chemicals of the Central Government has started the 'Promotion of Medical Device Park Scheme'.
Under this scheme, in-principle approval has been given for the construction of 4 parks in Uttar Pradesh, Himachal Pradesh, Tamil Nadu and Madhya Pradesh.
A total financial assistance of Rs 400 crore will be provided under this scheme.
The duration of this scheme has been fixed from 2020-21 to 2024-25.