Last Updated on January 9, 2024 by The Health Master
Shimla: Union government has approved the detailed project report of the medical device park proposed to be developed at Nalagarh in Solan district, where land measuring 265 hectares has been identified.
The estimated cost of the park is Rs 350 crore of which Rs 100 crore financial assistance would be provided by the Centre.
Chief minister Jai Ram Thakur said the project will be completed by April 2024. He said on completion, this park would provide employment to 10,000 people with the investment of Rs 5,000 crore.
The central government in September 2021 gave “in-principle” approval to set-up the park in Himachal Pradesh, Tamil Nadu, Madhya Pradesh and Uttar Pradesh.
The Center has identified the industry as a sunrise sector with great potential for diversification and employment generation.
Recognising the need for higher levels of investments for the creation of proper infrastructure in the sector, the department of pharmaceuticals has notified the scheme for promotion of medical device parks.
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