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ECDS has announced plans to set up a medical equipment manufacturing unit in Ujjain with an initial investment of ₹780 crore. The facility will be developed through a joint venture with three South Korean companies.
Founded in 2016, the company is based in New Delhi and focuses on sustainable development technologies. It works to bring global expertise to Indian manufacturing in sectors like healthcare.
What’s the plan: the partnership with three South Korean firms in a 50:50 joint venture and plans an additional ₹1,250 crore investment within three years of starting operations.
The importance: ECDS’s first India plant will make advanced testing kits for diseases like cancer, kidney disorders and diabetes using nanofiber and biomass polymer technology.
Healthcare facilities generate over 6,600 tonnes of medical equipment waste globally every day. This project promotes cleaner manufacturing to help reduce that environmental impact.
Fortune Business Insights
