India, Oct. 15 -- Truevis Technologies, a manufacturer and provider of advanced diagnostic and healthcare technologies, has announced the West Bengal government's allocation of 50 acres in Haldia for its proposed medical equipment manufacturing plant.

The allocation aligns with the state government's forthcoming industrial policy, expected to be announced after Diwali. With a planned investment of Rs 500 crore, the facility will be Truevis' second manufacturing base in India and its first in eastern India.

Truevis foresees business of more than Rs 1,000 crore per year within five years of commissioning, with the new base helping it serve customers more efficiently, reduce import dependence for select product categories and support long-...