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

25 Nov 2025 CW Team

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.

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