Trivitron to set up medical tech park with Rs 250cr investment

Medical Technology solutions provider Trivitron Healthcare today said that the company plans to invest Rs 250 crore on setting up an integrated medical technology park near Chennai.

Medical Technology solutions provider Trivitron Healthcare today said that the company plans to invest Rs 250 crore on setting up an integrated medical technology park near Chennai.

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"We are setting up an integrated medical technology park in Chennai, which would have around 10-15 manufacturing units for producing medical equipment," Trivitron Healthcare Managing Director G S K Velu told reporters here.

He said the company has signed JV agreements with global medical technology players like Akola, a Japanese firm that produces ultrasound system, and Biosystems, a Spanish firm engaged in manufacturing diagnostic instruments.

"The total investments in the first phase, which is expected to be completed by the end of 2013, would be around Rs 250 crore out of which Rs 120 crore would be made by the Indian firm and the rest will come from overseas partners," Velu said.

Trivitron has also signed JV with UK-based Brandon Medical for producing operation theatre (OT) lights and with Italian cardiovascular maker ET Medical Devices.

The company today also announced that it has acquired the Indian operation of Swedish modular operation theatre maker Johnson Medical and has merged it with the Indian firm.

Through this tie up, Johnson Medical will manufacture Modular OT in India by setting up a plant in the Medical Technology Park.

Velu said, the OTs produced in India will have the brand name of Trivitron Johnson, which will be a division within the company.

Asked about revenues, he said that he expects to generate a sale of around Rs 20 crore in the first year and is targeting a sale of Rs 100 crore in the next three years.

Trivitron Healthcare is a Chennai-based medical equipment maker with sales worth Rs 400 crore in the last fiscal.