Healthium To Invest Rs 1.5 Billion In New Sri City Medtech Unit
ECONOMY & POLICY

Healthium To Invest Rs 1.5 Billion In New Sri City Medtech Unit

Healthium Medtech has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to establish Healthium Medtech Unit 2 at the Sri City Industrial Park in Tirupathi district, Andhra Pradesh. The investment of Rs 1.5 billion will be made in two phases.

The new unit marks an expansion of Healthium’s existing operations in Sri City, where the company began manufacturing sutures and meshes in 2012. “The addition of Unit 2 consolidates the company’s foothold in a region that has matured into a competitive hub for medtech manufacturing,” the company said in a statement on Wednesday.

The proposed facility is expected to generate 300 direct jobs by 2027 and around 100 indirect employment opportunities.

Healthium CEO and Managing Director Anish Bafna said the decision to set up the new unit reflects the rising demand for resilient, high-quality medtech manufacturing. “This expansion aligns with Healthium’s vision to deliver accessible, high-quality and ‘Made in India’ medical devices to patients worldwide,” he said.

APEDB CEO C.M. Saikanth Varma noted that the project strengthens Sri City’s position as a preferred destination for advanced medical device manufacturing. He added that the collaboration supports the state’s vision of a future-ready manufacturing corridor that promotes stable employment and technological depth.

Healthium Medtech has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to establish Healthium Medtech Unit 2 at the Sri City Industrial Park in Tirupathi district, Andhra Pradesh. The investment of Rs 1.5 billion will be made in two phases. The new unit marks an expansion of Healthium’s existing operations in Sri City, where the company began manufacturing sutures and meshes in 2012. “The addition of Unit 2 consolidates the company’s foothold in a region that has matured into a competitive hub for medtech manufacturing,” the company said in a statement on Wednesday. The proposed facility is expected to generate 300 direct jobs by 2027 and around 100 indirect employment opportunities. Healthium CEO and Managing Director Anish Bafna said the decision to set up the new unit reflects the rising demand for resilient, high-quality medtech manufacturing. “This expansion aligns with Healthium’s vision to deliver accessible, high-quality and ‘Made in India’ medical devices to patients worldwide,” he said. APEDB CEO C.M. Saikanth Varma noted that the project strengthens Sri City’s position as a preferred destination for advanced medical device manufacturing. He added that the collaboration supports the state’s vision of a future-ready manufacturing corridor that promotes stable employment and technological depth.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code