Vapi based medical device company Meril group will invest Rs 910 crore in Gujarat and has inked an MoU on this regard during the Vibrant Gujarat Global Summit 2024.

Vivek Shah, CEO Meril, said, “The global dynamics in healthcare is changing in a way that India will soon be at the forefront of innovation. We are already creating cutting-edge technologies, comparable or even superior to Western standards. This also aligns with the larger Atmanirbhar Bharat and Viksit Bharat goals of the Government of India.”

As per the MoU, Meril Healthcare Pvt Ltd will set up its plant at Vapi with an investment of Rs. 210 crore, Micro Life Sciences Private Ltd will set up its plant at Vapi with an investment of Rs. 480 crore and Meril Life Sciences Private Limited will set up its plant at Vapi with an investment of Rs. 220 crore.

Meril plans to increase its capacity to develop orthopaedic implants for the hip and knee as well as cardiac stents and valves.

The company is also expanding on their Endo-Surgery products like Hernia Surgical Mesh, Linear Stapler, Hemostates, etc. This investment and the resulting expansions will also create around 3,000 direct and indirect job opportunities in the state.