Bangalore based Sutures India, manufacturers of medical devices such as surgical sutures and surgical meshes today announced the inauguration of their fourth plant in Sri City. The launch marks the entry of the third pharma company in Sri City and the second to commence production in record time.
The new unit in Sri City will manufacture surgical sutures and mesh and export them to over 75 countries.
L G Chandrasekhar, Chairman, Sutures India Pvt Ltd, said in a press release that the plant in Sri City would help Sutures India meet market demand and fortify its position worldwide.
The facility in Sri City would cater to growing market in the ASEAN and European regions. With the capacity addition in Sri City, Sutures India would be able to reach a top position in the coming years, he added.
On choosing Sri City as the ideal location, he said, Sri City offered all the advantages of an SEZ with a metropolitan location and was selected primarily on suitability of land, availability of utilities, labour suitability, logistics, quality of life and SEZ special factors.
Ravindra Sannareddy, Managing Director, Sri City said, “Sutures India is the third pharmaceutical company in Sri City and the second to commence production in a short stint. They have invested over Rs 12 crore in this unit. The facility is expected to employ over 50 employees in the first phase and as demand increases will touch 200-plus”.