Andhra Pradesh MedTech Zone (AMTZ) organized a mega business conference meeting ‘MedAsia Business Forum’ in the city to continue its efforts to promote medical technology in the country.
The conference brought together over 200 medical device manufacturers, OEM facilitators, MSMEs, innovators, start-ups, design solutions, venture fund managers, government entities.
Managing Director and Chief Executive Officer of AMTZ, Dr Jitender Sharma briefed on AMTZ since its inception.
He highlighted the need for India to focus more on science for technology-oriented product development and how coming together of science and innovation with supporting infrastructure can make India a leader in technology-oriented sectors.
While congratulating the AMTZ, Economic Development Board, CEO, J Krishna Kishore highlighted the initiatives taken by the Andhra Pradesh government in forging a new AP under the able leadership of Chief Minister N Chandrababu Naidu.
For making cost-effective medical devices in the country which is presently under the grip of MNCs who sell products at exorbitant prices, Chairman of Indian Medical Association, Rajiv Nath, lauded the efforts of AMTZ on the occasion.
Launch of the first ever hearing test app by Medi Valley, the incubation arm of AMTZ, also held at the event.
Two MoUs one with BioRx Ventures for promoting innovations, prototypes and all intellectual property in MedTech and Inkoolu Private Limited, a design solutions entity for medical technologies at AMTZ, was also signed by AMTZ at the occasion.
The conference concluded with a panel discussion on “Various Financing Options and Investment Attractiveness of Medical Devices Sector in India.”