Fischer Medical Ventures Ltd (FMVL) has made a significant breakthrough by manufacturing the first indigenous magnetic resonance imaging (MRI) systems in India.

This landmark achievement positions FMVL as a pioneer in reducing the country's dependence on imported medical devices, a sector where 80-85% of equipment is sourced from abroad, contributing to an import bill exceeding Rs 63,200 crore.

Fischer MVL's indigenous MRI systems are being developed at their production facility in the Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam. AMTZ, recognized as India's premier medical technology park, offers a conducive environment for production, complete with advanced facilities and a skilled workforce. This strategic location has enabled Fischer MVL to leverage local resources and expertise effectively.

In addition to their groundbreaking work in MRI systems, Fischer MVL is exploring acquisitions and investments to expand its portfolio in medical imaging and medical technology.

The company is particularly interested in high-tech ventures, including those producing CT scanners, X-ray equipment with Al-powered solutions, teleradiology solutions, and advanced diagnostics. This expansion aims to diversify Fischer MVL's offerings and enhance their diagnostic solutions market presence, covering a wide range of point-of-care services.

"By embracing innovation, we seek to equip healthcare providers with the tools necessary for timely and accurate diagnoses, ultimately enhancing patient care and outcomes," said Ravindran Govindan, Group Chairman and CEO of Fischer MVL. Govindan.