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AMTZ boost to ancillary industries

three main ancillary industries will be required to support the manufacturing of medical devices including electrical spare parts, dyes and the third being metals and plastics in vizag news image

Visakhapatnam: With the AP Med Tech Zone (AMTZ) expected to be developed in the next one year, ancillary industries associated with manufacturing of medical devices are also likely to receive a shot in the arm with the arm.

According to officials, three main ancillary industries will be required to support the manufacturing of medical devices including electrical spare parts, dyes and the third being metals and plastics.

“Electrical spare parts such as capacitors, fuses, wires will be required for medical devices. The second important ancillary industry will be related to dyes, which are used for colouring and coating, whereas the third is metal and plastics as every medical device will be either a metal or an aluminium based device or an alloy or plastic,” observed AP Med Tech Zone CEO Dr Jitendar Sharma. He also mentioned that apart from the ancillary industries related to the medical devices, other sectors such as hospitality, schools, recreation and social facilities will also be needed.

Incidentally, AMTZ is expected to start booking space for manufacturing units from the first week of October.

Referring to the development, an industrialist associated with the MSME (micro, small and medium enterprises) sector, said, “There is a lot of interest among existing MSMEs in the area about the AP Med Tech Zone. If we know what the requirements are from the medical devices manufacturing industry, then we can also equip ourselves with the latest machinery to supply the products. A lot of industries – whether it is the steel plant or the shipyard – have approached MSME units in Autonagar for their requirements. We are hoping to arrange a meeting with AMTZ officials in the coming days to understand the requirements, so that interested industries can support the initiative.”

Meanwhile, another hospitality industry source said, “We have sufficient inventory of rooms in the city to cater to the growing requirements. But, as development for the AMTZ will be around Gajuwaka, the hotels in those areas can reap the benefit as it is also closer to the airport. But, definitely, development of more such industrial zones will benefit a lot of people from the organised and unorganised sector.”