Chennai, March 23 -- Polymatech Electronics Limited (PEL) India's leading semiconductor manufacturer; on Monday announced the execution of a 99-year lease deed for additional land in the SIPCOT Medical Devices Park, located in the vicinity of its existing manufacturing facility at Oragadam, about 45 km from Chennai.
The company to invest Rs. 550 crores in developing the acquired 4.45-acre land parcel.
The newly secured land in SIPCOT will enable PEL to accelerate the development of its medical devices manufacturing infrastructure.
The expansion follows the successful introduction and strong market reception of its latest medical device innovations showcased at CESLas Vegas and HIMSS Las Vegas, a company statement here said.
Upon complet...