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Medical device-maker, Omron looks to make its first India facility operational by March 2025. The facility is coming up in Chennai, Tamil Nadu at an estimated cost of Rs 128 crore, and construction work is underway.
The company has also applied for benefits under the medical devices PLI scheme for the plant, which will start with production of digital sphygmomanometers (BP monitoring machines).
The facility will be leveraged for the production of other cardiovascular health monitoring medical devices such as thermometers, nebulisers, weighing scales, ECG monitoring devices, among others. The company has recently forayed into atrial fibrillation (AFib) detection, which is a major marker for strokes. In home ECG monitoring, the company plans to expand offerings in the segment too.
India continues to be among the top five markets globally, and contributes to the company’s global turnover, and with growth of 10 percent seem in the home care segment, the hypertension management segment is also a focus area.
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