The Yamuna Expressway Industrial Development Authority (YEIDA) located in the northern state of Uttar Pradesh recently concluded a strategic outreach mission to Bangalore, resulting in formal interest from global healthcare companies and domestic manufacturers to establish operations in Noida. Major industry players GE Healthcare and Philips, along with the Indian firm Panacea Medical Technologies, have expressed intent to set up manufacturing units at the Medical Device Park located in Sector 28 in Yeida.
During the visit, YEIDA officials toured GE Healthcare’s X-ray tube facility to discuss collaborations in imaging and diagnostics. They also briefed Philips leadership on investment opportunities and inspected Panacea Medical Technologies’ campus, which currently aligns with the federal government’s production-linked incentive program.
Spanning 350 acres near the upcoming Noida International Airport in Jewar, the park is designed to address India’s heavy reliance on imported medical technology. Infrastructure development is nearing completion, with 90 percent of the essential work finalized and 101 plots already allotted to various enterprises.
To attract high-value investments, the park offers a suite of financial incentives, including subsidized land rates, stamp-duty exemptions, and capital interest subsidies. A critical component of the park’s appeal is its logistical advantage; the direct connectivity to the Jewar airport facilitates streamlined export and import operations. Furthermore, the facility includes six specialized common scientific facilities such as Planned facilities for Bio-Material Testing, Electronic Assembly, Rapid Prototyping & Testing Labs, and IOMT (Internet of Medical Things) as well as AIML (Artificial Intelligence Markup Language).
Other Facilities include Central Warehouses and an Administrative Office Block, Five of these centers are reportedly 95 percent complete, providing the technical infrastructure necessary for sophisticated medical assembly.
The project is part of a broader national plan to build manufacturing resilience within the healthcare sector. While the initial project was set at approximately $49 million, under a federal government program, the park has already secured plot commitments exceeding $ million. By providing a centralized ecosystem for electronics assembly and high-end medical equipment production, the Noida Medical Device Park is positioning itself as a hub for the country’s medtech industry, shifting the focus from import dependence to local manufacturing and global exports.
Last updated: January 7th, 2026
