• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore , Aug. 1

The Chennai-based Trivitron and Chinese medical equipment major Neusoft on Tuesday announced plans to jointly set up a manufacturing facility either in Bangalore or Chennai.

The initial investment shared equally would be around Rs 22 crore ($5 million) scalable to Rs 110 crore ($25 million) in four years, according to the President of Neusoft Medical Systems Co Ltd, Mr Zheng Quantu, and the MD of the Rs 110-crore Trivitron Group, Dr G.S.K. Velu.

The new facility will make five products, including linear accelerators, laser imagers, bio analysers and PACS (picture archival system). Apart from saving foreign exchange, local manufacturing of the instruments can bring down their prices by at least 30 per cent, Dr Velu said.

"After the software, retail and finance boom in India, the next big growth area is going to be indigenous medical technology," Dr Velu said.

More Stories on : Alliances & Joint Ventures | Medical & Surgical Equipments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Maruti hikes prices by Rs 500-5,000

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line