AMTZ JOINS THE ELITE CLUB OF BRICS WORKING GROUPPublish Date : Oct 26, 2017
Andhra Pradesh MedTech Zone (AMTZ) was made part of the BRICS Working Group on Manufacturing from India. BRICS, which is an association of five major emerging national economies: Brazil, Russia, India, China and South Africa has seven working groups in the areas of Infrastructure, Manufacturing, Financial Services, Energy & Green Economy, Skills Development, Agribusiness and Deregulation, which have been formed under the aegis of the BRICS Business Council.
AMTZ joins an elite group consisting of global leaders like Tata, Mahindra & Mahindra and Birla and Apollo tyres, in the manufacturing domain. AMTZ now brings a focus on medical technology manufacturing to facilitate investment from BRICS countries to promote industrial development and job creation. The BRICS Business Council was established during the Fifth BRICS Summit held on 26th – 27th March 2013 in Durban, South Africa where the Prime Ministers of the five countries participated. The objective of creating the council was to constitute a platform which will promote and strengthen business, trade and investment ties amongst the business communities of the five BRICS countries, facilitate dialogue between the business communities of the BRICS nations identify barriers to ensure greater economic, trade and investment ties amongst the BRICS countries.
AMTZ became the first medical technology agency to become a member of the BRICS Working Group from India in recognition of the fact that AMTZ has been the leader in strengthening a heavily import dependent and highly complex medical devices sector in India and front runner on medical technology investments and infrastructure development. With Kalam Institute of Health Technology for technology transfers, and now with BRICS working group membership, AMTZ continues to strengthen itself as a fulcrum of medical technology advancement. With eminent scientists working in its various portfolios, AMTZ holds a key position in Indian medical technology policy landscape.