Centre nod for medical device park in Solan

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Union Government has approved the detailed project report of medical device park proposed to be developed atNalagarhin Solan district where land measuring 265 hectares has been identified. The estimated cost of the park is Rs 350 crore of which Rs 100 crore financial assistance would be provided by the Centre.

Chief ministerJai Ram Thakursaid the project will be completed by April 2024. He said on completion, this park would provide EMPLOYMENT to 10,000 people with the

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of Rs 5,000 crore.

The central government in September 2021 had given in-principle approval to set-up the park in Himachal Pradesh,Tamil Nadu,Madhya PradeshandUttarPradesh. Centre has identified the Industry as a sunrise sector with great potential for diversification and employment generation. Recognising the need for higher levels of investments for the creation of proper Infrastructure in the sector, the department of pharmaceuticals has notified the scheme for promotion of medical device parks.