In order to strengthen the medical industry, Kerala State Industrial Development Corporation (KSIDC) has collaborated with Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) to set up a medical devices manufacturing facility ‘MedSpark’ at the Life Science Park, Thonnakkal, Thiruvananthapuram.
This facility will avail manufacturing support for the medical devices industry and a technology business incubation centre for promoting startups and early stage companies.
“MedSpark is envisaged as an opportunity to leverage the existing advantage of the Kerala State in the high-risk medical device manufacture and develop it into the most sought- after destination for setting up the medical device industry in India”, said V.K. Saraswat,NITI Aayog Member and the president of SCTIMST to a news website.
The project, to be funded by the State and Central governments in the initial stages, is expected to generate up to 4,000 – 5,000 jobs through supporting industries like OEM suppliers, service providers and marketing and post- marketing support activities.