Panacea Medical Tech Considers Partnership at YEIDA Medical Devices Park

Noida, November 18, 2025: Officer on Special Duty for the Yamuna Expressway Industrial Development Authority (YEIDA) and the Medical Devices Park Shailendra Kumar Bhatia visited the manufacturing facility of Panacea Medical Technologies Private Limited, a leading Indian company specializing in imaging and cancer care devices. He was accompanied by Praveen Mittal, Executive Director, Export Promotion Council for Medical Devices and official from EY.

Panacea Medical Technologies, a distinguished beneficiary of the Government of India’s Production Linked Incentive (PLI) Scheme under the Department of Pharmaceuticals, showcased its robust, homegrown manufacturing capabilities:

• Self-Reliant Manufacturing: The company’s 3.5-acre campus manages in-house production of all components, reflecting Panacea’s dedication to the ‘Make in India’ initiative.
• Global Reach: Panacea supplies advanced medical devices to 19 countries and employs more than 450 skilled professionals.
• Expansion Interest: The company expressed strong interest in partnering with and scaling manufacturing at the Medical Devices Park to enhance global exports of cancer care devices.

The visit highlighted the immense potential of the 350-acre Medical Devices Park, which benefits from its prime location adjacent to the upcoming Noida International Airport Limited (Jewar Airport). The park has allocated land for 101 companies, representing an estimated investment of INR 1300 crores in the medical devices sector.

A key discussion centered on the development of Common Scientific Facilities Centres (CSFs) to address the evolving needs of the industry. It was agreed that manufacturers like Panacea will be engaged and consulted on equipment procurement for these facilities, ensuring that future investments directly empower industry stakeholders.

The visit concluded positively. Panacea Medical Technologies’ leadership and officials are scheduled to visit the Medical Devices Park in the coming months to further explore partnership opportunities.