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Sector Medical devices
State Punjab
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Overview

  • Punjab ranked 2nd on Health Index (Report 2018 by Niti Ayog).
  • A sunrise sector for Punjab & has the presence of world-renowned players.
  • World-class healthcare ecosystem with hospitals like PGI, AIIMS, Fortis, Max, CMC, Homi Bhabha Cancer Hospital and many more.
  • India's largest manufacturer & exporter of high-quality Orthopedic appliances: "Tynor Orthotics Pvt. Ltd".
  • Punjab demand centre for treatments for cardiac, eye, spine, hair transplants, dental, IVF, Knee & hip replacement and many more.
  • Medi-City: Medical hub spread over 360 acres of Health Zone in Mohali.
  • Strong knowledge & research base - NIPER, IISER, IIT, Punjab University, INST, PGI, AIIMS, Homi Bhabha Cancer Hospital.
  • Access to skilled labour with more than 218 AICTE recognized engineering,10 medical and 125 pharma institutes.
  • State produces world-class medical devices such as Digital Radiography, Mammography, Ortho-pantomograph, Digital Subtraction Angiography, High-frequency X-ray machine, C-Arm, Extra-corporeal Shock Wave Lithotripter, Cathlab, Multipara Monitor, ECG, EMG, EEG and many others.
旁遮普经济

State Incentives

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  • One-Time Incentives
  • Recurring Incentives
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Land Cost Rebate
  • Land cost is counted under Fixed Capital Investment for incentives under Punjab's Industrial & Business Development Policy 2017.
Stamp Duty Exemption
  • 100% exemption or reimbursement on purchase or lease of land and building.
Exemption from Land Development Charges
  • 100% exemption from Change of Land Use Charges and External Development Charges.
Other Incentives
  • Upcoming state-of-the-art Medical device park with common infrastructure facilities at:
    • Rajpura
    • Mohali
SGST Reimbursement
  • 100% GST Reimbursement
  • For period upto 15 years
  • Recovery upto 200% of Fixed Capital Investment
Power Tariff Rebate
  • Electricity (variable tariff) @ $0.07 (INR 5) per unit to all industrial units
Electricity Duty Rebate
  • 100% exemption upto a period of 15 years
Exemption from Property Tax
  • Upto 100% exemption for 10 years
Employment Generation subsidy
  • Upto $481 (INR 36,000) per employee per year upto 5 years.
  • Upto $641 (INR 48,000) per employee per year for Women & SC/BC/OBC upto 5 years.
  • With no domicile restriction 

Important Links

Major Players

  • Tynor
  • Allengers
  • Clarity

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