Kerala's Industries Minister P Rajeeve highlighted the state's suitability for the medical devices industry due to its world-class healthcare, skilled workforce, and supportive infrastructure like the Kerala Life Sciences Park. The state is actively promoting investment in the sector, leading up to the Global Investors Meet in February 2024
Kerala has a highly conducive ecosystem for the medical devices industry, having a world-class healthcare system in place and patients coming from Arabian, African and East European countries for treatment, Minister of Industries, P Rajeeve said on Thursday.
He said Kerala meets all the parameters needed for the medical devices industry to thrive and the state's worldwide recognition of its healthcare sector was a major asset.
"There is great investment opportunity in this sector. The state also has clean water and highly skilled human resources that are critical for the medical devices industry to grow," the Minister said.
He was interacting with the representatives of the medical devices and biotechnology sector, organised by the Kerala Lifesciences Industries Parks Kerala (KLIP) under the aegis of the Kerala State Industrial Development Corporation (KSIDC) here.
Kerala Life Sciences Park in Thiruvananthapuram and the upcoming Kerala Rubber Park in Velloor in Kottayam district will provide great support to the medical device industry, Rajeeve said, adding,the process of leasing out space in the rubber park will start soon.
KSIDC said today's interaction came along with a series of conclaves the government has planned as a build-up to the Global Investors Meet to be held early next year.
It said as many as 22 priority areas have been identified in the New Industrial Policy of the government, which will be showcased at the investors meet.
"We have introduced facilities for enhancing Ease of Doing Business such as grievance redressal system, centralised scrutiny system and insurance for the industrial sector," the Minister pointed out, adding that big polluting companies were not viable in Kerala.
Making a presentation on the industrial policy of the state, Principal Secretary (Industries and Commerce) A P M Mohammed Hanish said the government's priority was to increase the market value of products, their marketability and overall development of industry.
"We have already sanctioned 29 private industrial parks," Hanish revealed, adding that the Department of Industries and Commerce was according special consideration to the manufacturing of medical devices.
KSIDC Chairman, Paul Antony, Managing Director, S Harikishore, Executive Director Hari Krishnan R, Kerala Life Sciences Industries Park (KLIP) CEO Dr Praveen K S, Senior Manager Sunitha Chandran and Agappe Diagnostics MD Thomas John took part in the event.
Recently, the KSIDC had hosted a roadshow in Chennai for investors.
More such roadshows will be held in Bengaluru, Mumbai, Delhi, Dubai, Qatar and Saudi Arabia. The finale of the series will be the Global Investors Meet in Kochi in February next year.