Medical devices firm S3V Vascular Technologies has decided to establish a ₹ 250 crore manufacturing facility at the Telangana Medical Devices Park, near Hyderabad.
Neuro medical devices, next generation drug eluting stent and drug coated critical care catheters are to be manufactured at the facility by the firm that has a research and development centre and pilot manufacturing plant in Mysuru, Karnataka.
An announcement on the proposed investment came after S3V promoters and directors Badari Narayan and Vijaya Gopal met Industries and IT Minister K.T. Rama Rao here. IT and Industries Secretary Jayesh Ranjan and other officials were present during the meeting, the Minister’s office said in a release on Thursday.
