Inaugurates 7 new Companies at Sanga Reddy- Cos invest Rs 265 cr, 1300 employment
Hyderabad, December 16, 2021: IT and Industries Minister KT Rama Rao inaugurated Akriti’s eye care manufacturing unit at Medical Devices Park in Sultanpur, Hyderabad on Wednesday. The Medical Devices Park is a flagship project for developing medical products in Telangana, under the Make in India programme. The unit will also play a role in creating job opportunities for skilled young people.
Akriti has been in the eye care industry for the past 15 years, working towards making unique eye care products and developing new avenues in eye care, which include Vision Therapy, Oculoplasty, Pediatric Ophthalmology, and prosthetic products for the global market.
The Minister on the occasion inaugurated the factories of seven companies that set up their operations in the 302-acre Medical Devices Park , the largest of its kind in the country.
The seven companies are investing to the tune of Rs 265 crore leading to generation of around 1,300 jobs. The Medical Devices Park, for which the foundation was laid by Rama Rao four years ago, aims at making India self- sufficient in medical devices, which play a critical role in the healthcare industry.
Speaking on the occasion KT Rama Rao said that Hyderabad is the life science capital of India and that Telangana will consolidate the efforts in the segment to maintain the momentum.
“We are on the path to realise our dream and vision of growing the Telangana Life Sciences industry to over $100 Billion (by 2030). I urge manufacturing units to grow from Hyderabad and make us proud, continue to innovate and move forward.”
IT Principal Secretary Jayesh Ranjan, VC and CMD TSIIC Narsimha Reddy, Director Life Sciences Shakti Nagappan, MP Ranjith Reddy were among the guests present on the occasion
With the country aging rapidly, and the incidence of increased screen usage, the need for eye care has also gone up. There are no major manufacturers in India for eyewear products such as eye frames and lenses. Most of the products are imported from South East Asia. Akriti is the first company in India to manufacture end-to-end eyewear, reading glasses, safety glasses, diagnostics products, and ophthalmic surgical implants. These are being manufactured on a large scale through government and private partnerships, and made accessible and affordable to the common man.
Akriti Oculoplasty Logistics was conceived in May 2007, with the objective of importing and exporting eye care products, and to provide unique products in Ophthalmology, especially ones which have limited supply.
Founded by and run under the able leadership of Dr. Kuldeep Raizada and Deepa Raizada, Akriti has entered various domains such as Oculoplasty, Pediatric Ophthalmology, Sports Vision Therapy and various kinds of new technology in the area of eye prosthesis.
Akriti serves as a partner for India’s largest eye care program in Andhra Pradesh. It owns various patents and copyright for products in eye care that are now going through clinical trials in various institutes across the country. Akriti has also been the proud recipient of a national award, presented by Shri Buta Singh.