Navigation Links
China's Neusoft and Trivitron Plan to Set up Medical Equipments Unit

The Neusoft group, China's largest medical technology solutions provider with a turnover of $700 million, is planning a joint venture with the Chennai-based //Trivitron group to set up a medical equipment manufacturing unit, possibly in Bangalore.

"The potential joint venture will earmark an initial investment of $5 million and will gradually scale it up to $25 million over a period of four years," a Neusoft press statement said Tuesday.

"India is the most important market for Neusoft and we are very happy to set up this medical equipment manufacturing unit in India. We are looking at tapping the talent base available in India to set up Neusoft's second manufacturing base outside China," said Zheng Quanlu, president of Neusoft Medical Systems Co. Ltd.

Neusoft has already established its direct service base in Bangalore in association with Trivitron for its CT and MRI systems and will be expanding this facility to other locations in the country.

The new entity has plans to manufacture products and accessories like linear accelerator, laser imager, bioanalyzer and PACS solution in the future.

The Neusoft-Trivitron joint venture is considering Tamil Nadu, Maharashtra, Karnataka and Delhi to set up its manufacturing facility.

"Our production facility here will reduce the cost of medical equipment in India thereby bringing down the cost of healthcare substantially," Zheng added.

The Neusoft-Trivitron joint venture is looking at achieving an annual turnover of over Rs.1 billion by 2007. The manufacturing facility is expected to offer 200 jobs initially and will grow to 1,000 jobs in the next three years.

"After the software, retail and finance boom in India, it is our firm belief that the next big growth area for India is going to be in indigenous medical technology," said G.S.K. Velu, managing director of the Trivitron group.

"Neusoft has internationally installe d more than 800 CTs and 200 MRIs and has also established a strong after-sales service infrastructure across India through Trivitron, which give us the reach and the ability to service the Indian medical equipment market well," said Velu.

Trivitron employs over 300 people in India and abroad and has a turnover of Rs.1.1 billion ($25 million).

(Source: IANS)
'"/>




Related medicine news :

1. Bird Flu Spreading in Chinas Poultry
2. Minister claims Chinas Epidemic Control System Improved
3. Doubts Over Chinas HIV/AIDS Estimates
4. Chinas face transplant Patient Shows Signs Of Recovery
5. Coffee Bars: A Boon For Chinas Jobless Youths
6. One Of Chinas Conjoined Twins Dies
7. Chinas Insurance Companies Offer Policy for Altitude Sickness
8. Chinas First Facial Transplant Patient Discharged
9. Chinas First Gay Health Clinic Commences Operations
10. Massive Booking For Chinas First-Ever Five-Star Hospital
11. Indian Nationals with Foreign Medical Degrees can now practice in India
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:3/24/2017)... ... March 24, 2017 , ... According to a new study by ... it does not obey the rules Congress has directed the CBO to follow. The ... GOP reform would restore. Yet, it estimates a reduction in employer-based coverage due to ...
(Date:3/24/2017)... Orion, MI (PRWEB) , ... March 24, 2017 ... ... insurance assistance, financial planning, and related services to families and business owners across ... initiative aimed at feeding regional families struggling with financial difficulties. , The Oxford/Orion ...
(Date:3/24/2017)... Pittsburgh, PA (PRWEB) , ... March 24, 2017 ... ... the Oncology Nursing Society (ONS) wanted to create a communications platform that positions ... realize this goal, Elliance and ONS reinvented their online publication as an always-on, ...
(Date:3/24/2017)... ... March 24, 2017 , ... The law firm of Enea, ... pleased to announce Westchester resident Lauren C. Enea has joined the firm as an ... will concentrate her practice in elder law, Medicaid planning and applications, and Wills, Trusts ...
(Date:3/24/2017)... (PRWEB) , ... March 24, 2017 , ... ... the year of enhancements, upgrading their training and leads programs. , In February, ... Reserved for elite sales agents, Performance Partners is designed to teach how to ...
Breaking Medicine News(10 mins):
(Date:3/24/2017)... 2017 Research and Markets has announced the addition ... Demand Forecast to 2022" report to their offering. ... The global wound care market was worth ... CAGR of 6.7% during 2016-2022 Among the various wound care ... in the global market in 2015. Among the various applications, surgical wound ...
(Date:3/24/2017)... Research and Markets has announced the addition of ... their offering. ... analyzes the worldwide markets for Dental Implants in US$ Million. The report ... Japan , Europe , ... World. Annual estimates and forecasts are provided for the ...
(Date:3/24/2017)... 2017 ShangPharma, a leading life ... drug development and discovery services, technology, and ... announced today the intent for a strategic ... consolidating the Contract Research Organizations (CRO) and ... These entities include ChemPartner Shanghai, ChemPartner Fengxian, ...
Breaking Medicine Technology: