India, Nov. 19 -- image credit- shutterstock

Bengaluru-based Healthium Medtech, a global medtech company with a growing portfolio across surgical, post-surgical, advanced wound care, arthroscopy and infection prevention, has announced a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB).

Under this MoU, Healthium will set up Healthium Medtech Unit 2 across 5 acres in Sri City Industrial Park, Sri City with a planned investment of Rs 150 crore, to be made in two phases.

The new unit marks an expansion of Healthium Medtech's existing presence in Sri City, where the company commenced operations in 2012 at the SEZ (Special Economic Zone) facility. The current unit manufactures sutures and meshes an...