Hyderabad sources stated that Sahajanand Medical Technologies (SMT), a leading manufacturer of coronary stents in India, on Tuesday announced setting up an integrated manufacturing unit of minimally invasive life saving medical devices in Telangana with an investment of Rs 250 crore. Meanwhile the proposed unit, to come up at Medical Devices Park at Sultanpur in Sangareddy district, is expected to generate 2,200 direct and 500 indirect employment opportunities, according to a Telangana government statement.
Accordingly the unit will have a manufacturing capacity of more than 1.25 million stents per annum, which will make it Asia's largest stent manufacturing unit. Moreover the Surat based SMT is currently the number two player in the Indian market for stents and hopes to capture the pole position in two years.
Information Technology and Industries
Minister K.T. Rama Rao said "It is indeed a pleasure to have a
company that manufactures technologically sophisticated implantable products
such as stents at global standards set up Asia's biggest facility in Hyderabad
and hence this further reinforces Telangana's position as a preferred
destination for innovator and technology companies”.
