Andhra Pradesh MedTech Zone (AMTZ) and Engineering Export Promotion Council of India (EEPC) have entered into a Memorandum of Understanding (MoU) to drive Made in India exports of medical technology products.
The MoU was signed by Dr Jitendar Sharma, Managing Director and CEO, AMTZ and Bhaskar Sarkar, utive Director and Secretary, EEPC India, at New Delhi on November 22.
Under the agreement, EEPC India will provide support for export promotion, trade facilitation, market access facilitation to manufacturers at AMTZ, while AMTZ would provide EEPC with support in the areas of domestic regulations and technical support relating to medical devices sector.
This partnership will enable manufacturers at AMTZ with access to global exhibitions, export promotion events, etc, where Indian medical technology products can be showcased, with support from EEPC India.
This partnership also paves the way for creating an export promotion body for medical devices, which will ensure that Indian medical devices can compete to satisfy global demand.
AMTZ, which is a member of the BRICS (Brazil, Russia, India, China and South Africa) manufacturing working group from India, was recently selected by World Health Organisation to setup the Pre-Qualification Cell for In Vitro Diagnostics, which is a first of its kind in South East Asia.
AMTZ is focused on building the medical technology ecosystem in India to cater to both local demand and export of Made in India products.
EEPC is the premier trade and investment promotion organisation in India. It is sponsored by the Ministry of Commerce and Industry, Government of India and caters to the Indian engineering sector. As an advisory body it actively contributes to the policies of Government of India and acts as an interface between the engineering industry and the Government.