Chinese companies to invest USD1 bn in med tech in India
09-Jul-15, Pharmabiz
Karnataka is on the radar of Chinese business conglomerate from Yunnan province which is expected to invest up to $1 billion in an industrial park at Vasanthnarasapura, 70 km from Bengaluru.
%20Economy%20Watch.jpg "Chinese companies to invest USD1 bn in med tech in India (c) Economy Watch")
Image: Economy Watch
Particularly, Yunnan-based Sunpa Group of companies, which specializes in telemedicine systems, digital medical devices, medical information system and related hardware and software, is now keen to provide its expertise to the healthcare providers in the state. Yunnan is a south western province of China bordering Myanmar, Lao and Vietnam.
The state government has consented ‘in principle’ to allot 100 acres of KIADB land in Vasanthnarasapura industrial estate near Tumakuru for the industrial park, according to K Ratnaprabha, additional chief secretary, industries and commerce.