Unlike other projects, Andhra Pradesh MedTech Zone (AMTZ) aims to address all operational inefficiencies in an increasingly detailed manner with each phase to create a word-class manufacturing unit, shares Deepak Agarkhed, VP (Planning) of AMTZ in an exclusive interview with Sudheer Goutham of Elets News Network
Could you please walk us through your key responsibilities on the entire Andhra Pradesh MedTech Zone (AMTZ)?
My role involves planning of the medical technology park. Planning plays a very important role because ultimately what you are trying to achieve is to produce a product which is very cost-effective. For this, the ingredient required is a very good set-up, where the operational costs are minimum.
As we all know, one can witness large operational costs (unnecessary cost due to energy consumption and other factors). In order to keep a check on such operational gaps, we need to assure that all planning activities are done thoroughly and after considering all the aspects within the timeline.
Likewise, at the time of the planning stage, we are likely to witness such operational challenges. By considering the inputs coming from different quarters, definitely a new set-up, which is better than any other set-up in the world can be created. Additionally, we need thorough planning and an ution which is in line with what has been planned. If this could be achieved, then we can undoubtedly achieve better quality products at par with the products at the world level with ultimate benefits to the patients.
What are your key objectives by creating AMTZ?
We strive to compete with the international markets, such as the United States (US), Europe, etc., not only on the cost-effectiveness front but also on maintaining the quality.
For this, we took consulting support of KPMG for create the initial plan. However, this is just the baseline.
The actual plan, including micro-level detailing will be done now. The planning will include strategies and information to enhance operational efficiency, such as cost reduction, reduction of energy consumption, etc
What are your expectations from AMTZ?
As such, this park will set an example for others and highlight the talent pool of India. Moreover, this park will make a difference by attracting the talent pool. It will ensure cost effectiveness and no compromise on the quality. More importantly, as most of the equipment is imported, a customs duty burden is involved in the current practice. Once the domestic products sets in, this economic drain can be substantially reduced.
AMTZ as a world-class facility will address all such challenges. With a common manufacturing unit available, manufacturers have to not go other places to test the quality of their products, including all certification procedures. Moreover, these products will have the potential to be sold abroad.
Since we have the talent pool, raw material, facilities and other ancillary facilities, we can definitely produce great results. As the rental cost would be negligible, AMTZ will prove really competitive.