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The industry’s perception towards Uttar Pradesh, specifically its law and order situation, has changed over the course of two years, D S Rawat, national secretary general of the Associated Chambers of Commerce and Industry of India (Assocham), said in Lucknow on Monday.
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“Compared to the situation a couple of years ago, the businessmen and industries now view the state as more friendly. The general perception with regards to law and order has improved. We are receiving fewer complaints from industries in Uttar Pradesh,” Rawat said, while releasing the study titled ‘Indian Medical Devices Industry: The way ahead,’ at a press conference in Lucknow.
He added that the situation of power supply to the industries has also improved.
With regards to the study, Rawat said: “Uttar Pradesh could emerge as a hub for medical devices manufacturing by 2020 if an incentive package by way of tax concessions was made available to the industry in the state.”
He said over the past couple of years, the number of factories in medical and dental instruments and supplies sector operating in Uttar Pradesh has reached to 33 of the total 316 such factories, thus making it the second highest share holder in India after Gujarat (18 per cent share).
The study pointed out that UP holds second-highest share of about 12 per cent and 25 per cent in terms of direct and indirect employment generated by medical and dental instrument factories operating throughout the country.
“With a turnover of over Rs 568 crore, medical and dental equipment sector in UP acquired third highest share of about 11 per cent in the total output worth about Rs 5,300 crore generated by the industry across India after Karnataka (25 per cent share) and Haryana (22 per cent share),” the study reports.
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