SMT (Sahajanand Medical Technologies) a leading medical devices company, based at Surat, today announced that it will invest 250 Cr in a manufacturing unit in Telangana. Bhargav Kotadia, MD, SMT met K T Rama Rao, Minister for Industry & Commerce, Municipal Administration & Urban Development, ITE&C, Mines, Handlooms & Textiles, NRI Affairs at Camp Office today. Ganesh Sabat, CEO, SMT; Ashish Agrawal, CFO, SMT; Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments and Shakthi Nagappan, Director for Life Sciences and Pharmaceutical were also part of the meeting. Later in the day K T Rama Rao tweeted about the meeting. https://bit.ly/2Nhvq1p According to the tweet, SMT has announced an investment of Rs 250 crore to set up an integrated manufacturing unit of minimally invasive life-saving medical devices at the Medical Device Park, Sultanpur. SMT will manufacture 1.2 Mn stents and 2 MN balloon catheters in this facility, with an investment of over Rs. 250 crores and will create more than 2000 direct jobs at the Medical devices park in Sultanpur, Sangareddy district. Founded by Dhirajlal Kotadia in 2001,SMT became an early champion of the ‘Make in India’ initiative by being one of the first …
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