August 2016 : AMTZ Special Issue

AMTZ: Ready to Boost States Economy

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Kamineni_Srinivas

Kamineni Srinivas

Andhra Pradesh MedTech Zone Ltd (AMTZ) is a new chapter in Indias medical device manufacturing growth story. Kamineni Srinivas, Minister for Health and Medical Education, Government of Andhra Pradesh, shares the State Governments vision for the medical device manufacturing park and its benefits for the ecosystem manufacturers (global medical device industry), service providers or users (healthcare industry), professionals (scientists and medical fraternity) and local people, in an exclusive interview with Sudheer Goutham of Elets News Network (ENN)

How was the concept of AMTZ evolved?
The idea was developed in one of the review meetings of the Department of Health sometime ago. We realised that there is a need for strengthening health service delivery and promoting the medical technology industry, which should go hand in hand. As commonly known, the pharmaceutical industry is already on the rise in Andhra Pradesh. On similar lines, we aim to lay a foundation for the medical device industry in India with AMTZ.

AMTZ Key Takeaways
  • Will help generate job opportunities for approximately 25,000 people across 200-250 manufacturing units
  • Will ensure both import substitution & export promotion
  • Will promote the medical device industry along with all likeminded partners
  • Will play the role of a facilitator


On what basis Visakhapatnam was chosen as the destination for the AMTZ?
The AMTZ is a prestigious project and has the potential to connect the global markets. Obviously, any city that you choose should have good connectivity (transport road,rail, air and water) for travel, as well as export and import, and a favourable ecosystem, such as good infrastructure, quality manpower, etc. On all these aspects, the city of Visakhapatnam is an obvious choice.

What are the benefits one can expect from AMTZ in future?
There are many benefits directly and indirectly from the AMTZ. Of all the benefits, employment growth is one benefit and empowerment of the ancillary industry, spare part market of the medical device industry and logistics industry is another. It isestimated that the AMTZ is expected to help generate job opportunities for approximately 25,000 people across 200 to 250 manufacturing units, which will be set up in the manufacturing park. Overall, the business activity will boost the economy of the State in a phased manner. The real gain will be in the import substitution and export promotion as India accounts to 78 per cent imports of medical devices to the tune of Rs. 30,000 crore.

Employment generation and empowerment of the ancillary industry, spare part market of the medical device and logistics industry are some of the benefits expected from the foundation of Andhra Pradesh MedTech Zone Ltd. (AMTZ)

What role does AMTZ play?
The AMTZ under the Government of Andhra Pradesh will promote the medical device industry along with all likeminded partners and also play the role of a facilitator

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