Published On : Fri, Feb 23rd, 2024
By Nagpur Today Nagpur News

Israeli dental implant company may set up unit in MIHAN SEZ: Report

Nagpur: Adin Dental Implant Systems Ltd, an Israeli company specializing in the production of medical products related to dental implantation, is considering the establishment of a unit in the Special Economic Zone (SEZ) of MIHAN. The company has submitted a proposal for a space of 5,600 square feet from co-developer Kolland Developer Pvt Ltd, and approval is expected soon, a report in a local daily said.

Adin Dental Implant Systems Ltd is globally recognized for its leadership in the design, development, and manufacturing of dental implant solutions. To support its expansion goals, the company has created a subsidiary, Adin Manufacturing Pvt. Ltd.

Gold Rate
Thursday 06 Feb. 2025
Gold 24 KT 84,900 /-
Gold 22 KT 79,000 /-
Silver / Kg 96,000 /-
Platinum 44,000/-
Recommended rate for Nagpur sarafa Making charges minimum 13% and above

According to the report, the primary objective of Adin Dental Implant Systems Ltd’s potential expansion into MIHAN SEZ is to enhance production capacity. The move aligns with the company’s strategy to establish a presence in India and leverage Israeli technology for the manufacturing of dental implant products.

The company plans to initiate its operations in MIHAN with an initial investment of Rs 1.66 crore. Following the commencement of operations, Adin Dental Implant Systems Ltd aims to acquire approximately 20 acres of land for future expansion. In the initial phase, the company anticipates employing 25 individuals, the report added.

According to the report, medical devices or products manufactured in India based on Israeli technology are expected to be both cost-effective and of superior quality. This move is in line with the broader trend of collaboration between Indian and Israeli companies in the healthcare and technology sectors.

The proposal submitted by Adin Manufacturing Pvt Ltd to the SEZ Development Commissioner for space allocation is currently under consideration for approval. The office of Development Commissioner, MIHAN-SEZ, is conducting the necessary examination, and approval is expected once the due diligence process is complete.

Adin Dental Implant Systems Ltd’s potential expansion into MIHAN SEZ represents a strategic move to tap into the Indian market, offering cost-effective and high-quality dental implant solutions. This initiative is likely to contribute positively to the economic and technological collaboration between Israel and India in the healthcare sector. Approval of the proposal will mark a significant step in the company’s journey towards establishing a robust presence in the region.

Advertisement