S3V Vascular Technologies plans to establish comprehensive production capabilities at Tamil Nadu's Medical Devices Park in Oragadam, situated near Sriperumbudur.
"It is in fact the vision of Prime Minister Narendra Modi through Atma Nirbhar Bharat Abhiyan to make India self-reliant in each and every field so that India can play a bigger and more important part in the global economy," said Telangana Governor Tamilisai Soundararajan.