Healthium Medtech, a leading Indian medical-device manufacturer, has entered into a formal collaboration with the Andhra Pradesh Economic Development Board (APEDB) to scale up its operations in the state.

Under the agreement, the company will set up Healthium Medtech Unit 2 in Sri City Industrial Park with a committed investment of ₹ 150 crore, to be deployed in two phases.

The proposed facility spans five acres and is intended to significantly expand Healthium’s manufacturing capabilities adding production lines for surgical, post-surgical, and chronic-care devices. Healthium already has an existing manufacturing plant in Sri City (in the SEZ) that produces sutures and surgical meshes, and this new unit will build upon that base.

According to company leadership, the investment is aligned with Healthium’s long-term strategy to deepen its manufacturing footprint, optimize costs, and meet growing demand in India’s medtech market (which is projected to grow significantly in coming years).

The project is also expected to have a strong social impact: it will create 300 direct jobs by 2027, plus 100 indirect roles in supply chain, logistics, and ancillary services.

From the government’s side, the APEDB sees this as a major win for Andhra Pradesh’s industrial ambitions in the medical devices sector. The new unit is expected to strengthen the state’s medtech ecosystem, bring in higher-skilled jobs, and drive ancillary development in Sri City.