India, Oct. 22 -- The Sandur Manganese & Iron Ores Limited (SMIORE), the flagship company of the Royal Sandur Group, has taken a decisive step towards its foray into the Medical Devices and Consumables business. Royal Sandur MedTech Private Limited, a wholly owned subsidiary of the company, has taken land on a long-term lease at the Andhra Pradesh MedTech Zone (AMTZ), Visakhapatnam, India's premier medical technology park with common manufacturing facilities and scientific facilities.

Royal Sandur MedTech Private Limited has also taken office space at World Trade Center AMTZ to support project development. Key terms of the land lease are as follows:

This marks a concrete move by SMIORE towards new frontiers, as part of its comprehensive...