December 2016 Current Affairs

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Union Cabinet approves setting up of India's first Medipark in Tamil Nadu

Union Cabinet approves setting up of India's first Medipark in Tamil Nadu
06 October 2016 Current Affairs: The Union Cabinet has approved setting up of a Medical Devices Manufacturing Park (Medipark) at Chengalpattu, Kanchipuram District, Tamil Nadu through a special purpose Vehicle.

For this purpose, HLL Lifecare Ltd, a Mini Ratna PSU under Union Ministry of Health & Family Welfare, will sub-lease 330.10 acres of land at Chengalpattu. The shareholding of HLL in the project will be above 50 percent.

Highlights  : The Medipark project will boost the local manufacturing of hi-end products at a significantly lower cost, resulting in affordable healthcare delivery to a large section of people.  It will contribute to the development of medical devices and technology sector and allied disciplines in the country.

HLL will sublease the land to investors, through a transparent bidding process to investors desirous to set up manufacturing units for Medical equipment and devices.  It will be developed in phases, spread over seven years for completion.

In the first phase, physical infrastructure will be developed and plots will be leased from third year onwards. In the initial phase, the land cost to the qualifying entrepreneurs from Medical Device and Equipment, Manufacturing Industry will be at a subsidized rate.Knowledge management center will be developed in the second phase, with grants and assistance from departments, which funds similar initiatives. 

It will reduce the dependence on imports and create a strong base for the growth of indigenous and domestic industry by providing access to state of art infrastructure and technology.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
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25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
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25 AUG
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