Introduction
The YEIDA Medical Devices Park in Sector 28 in Greater Noida is fast becoming the most preferred destination for investors looking at opportunities in the burgeoning medical devices manufacturing sector in India. The park, strategically located near the Noida International Airport, is set to emerge as a major hub for healthcare innovations and industrial growth.
Strategic Location Boosting Connectivity
Being just 3.5 kilometers from the Noida International Airport, the park enjoys excellent connectivity for global export. Sitting just off the Yamuna Expressway, the logistics reach across India are almost seamless, making it a perfect hub for manufacturing and distribution. The strategic importance of the site is further enhanced by the proximity to the upcoming International Film City and other industrial clusters.
Strong Government Support and Incentives
Sufficient government support, including a ₹30 crore grant under the Promotion of Medical Devices Park scheme, is bestowed on the park. Incentives by the Uttar Pradesh government for setting up manufacturing plants, fast-tracked approvals, and infrastructure support are available to ensure a conducive climate for investment.
Comprehensive Infrastructure and Facilities
Designed to cater to a wide range of medical device segments, the park's infrastructure includes:
Common Facilities: Central warehouse, center of excellence, skill development, and incubation centers.
Testing and Certification: Access to cost-effective testing and scientific facilities to ensure product quality and compliance.
Utilities: Comprehensive infrastructure including roads, drainage, and sewerage systems.
Diverse Investment Opportunities
The park has already attracted significant interest from both domestic and international investors. Notably, a Japanese delegation visited the site to explore investment opportunities, highlighting the park's global appeal. YEIDA has allotted land to numerous companies, with several units under construction, indicating a robust investment pipeline.
Economic and Employment Impact
The development of the YEIDA Medical Devices Park is expected to generate significant economic benefits. With an estimated investment commitment of approximately ₹439 crore, the park is projected to create around 5,000 direct jobs, thereby boosting the regional economy and supporting allied industries.
Future Prospects and Expansion
Initially planned over 350 acres, the park is now expanding to 500 acres due to heightened investor interest. This expansion underscores the project's significance in the national healthcare infrastructure landscape and its potential to become a global leader in medical device production.
Conclusion
The YEIDA Medical Devices Park stands as a testament to India's commitment to enhancing its healthcare manufacturing capabilities. For investors and stakeholders looking to capitalize on this growth, partnering with experienced entities is crucial. ERM Global Investors offers expert guidance and comprehensive services to navigate the investment landscape of the park. Their deep understanding of the region and the medical device sector ensures that your investment is well-placed and primed for success.
Address :- B-101, 1st Floor, Urbtech Trade Centre, Sector -132, GB Nagar, Noida Expressway, UP-201304
Email :- [email protected]
Phone no :- +91 9711199915
Website :- https://www.ermglobalinvestors.com/
