Andhra Pradesh MedTech Zone Limited (popularly known as AMTZ) is an enterprise under the Government of Andhra Pradesh, a 270 Acre zone, dedicated for Medical Device Manufacturing. The objective behind this ‘One-Stop- Solution’ is not only to reduce the cost of manufacturing up to 40% or to just simplify the end-to- end operations but also to reduce the import dependency, which is presently around 75%. AMTZ envisions to put India on the global map of high end medical equipment production and make health care products affordable and accessible not only for India but for world at large.
The creation of such a zone is based on the fact that medical devices manufacturing requires certain high investment facilities which are too capital intensive for individual manufactures to invest upon.The zone with in-house high investment scientific facilities would help manufacturers reduce the cost of manufacturing by more than 40%-50%. Currently, due to lack of such centrally located sharable facilities, either manufacturers do not undertake production of technologies requiring them or send their products abroad for process up-gradation and value addition. While the zone would have all such facilities in-house to reduce manufacturing process costs, it would be in an area which is well connected with Railways, Roadways, Waterways and Airways with near presence of Industrial Corridors, and Port to reduce logistical costs.
AMTZ was incorporated on 30 th April 2016 and the foundation stone was laid on 19 th August 2016.