Sahajanand Medical Technologies (SMT), a company manufacturing coronary stents, will make an investment of Rs 250 crore to set up an integrated stent manufacturing unit. It will make minimally invasive life-saving medical devices at the Medical Device Park, Sultanpur, Uttar Pradesh.
The facility, which will have 2,200 employees, can manufacture over 1.25 million stents a year.
The portfolio of SMT, which has a footprint in 65 countries, includes drug-eluting stents, bare-metal stents, balloon catheters and inflation devices.