Noida, May 6 (PTI) The Yamuna Expressway Industrial Development Authority (YEIDA) on Wednesday signed a memorandum of understanding (MoU) with Medical Excellence Japan (MEJ) to promote healthcare expertise, infrastructure development and international collaboration in the medical devices sector.
In a press statement, YEIDA said the agreement aims to establish a structured framework for cooperation to enhance healthcare delivery, improve patient outcomes and support economic growth.
YEIDA Chief Executive Officer Rakesh Kumar Singh said, “Recognising the significant role of the healthcare devices sector in improving healthcare delivery, enhancing patient outcomes, and fostering economic growth, YEIDA and MEJ seek to establish a structured framework for collaboration.” He said both parties intend to leverage their respective expertise and resources to promote innovation, investment and technology exchange in the medical devices industry.
According to the statement, YEIDA will provide necessary infrastructure, regulatory facilitation and investment support within its Medical Device Park, including land allocation, utilities and policy incentives for investors.
MEJ will bring technical expertise, help Japanese medical technology firms participate, support research collaborations, and assist with knowledge transfer and capacity-building initiatives.
The statement added that both sides may also explore financial commitments such as direct investments, joint funding programmes and grants, subject to their respective internal policies and resource availability.
The MoU aims to ensure a coordinated approach, transparency, and effective collaboration to achieve shared objectives in the critical healthcare sector, YEIDA said. PTI COR KIS RHL
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