New Delhi, March 23 -- Polymatech Electronics Limited on Monday announced that it has secured additional land in the SIPCOT Medical Devices Park near its existing facility in Oragadam, Tamil Nadu, to accelerate its expansion in the medical devices segment.
The company has executed a 99-year lease for a 4.45-acre land parcel and plans to invest around Rs 550 crore to develop advanced medical device manufacturing infrastructure at the site.
The expansion comes at a time when the company's current facility in Oragadam is operating at full capacity, indicating strong demand for its advanced manufacturing capabilities. Polymatech's recent innovations, showcased at global platforms in Las Vegas, have also received encouraging market response.
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