Mumbai: Pune-based draught beer maker Oi Brewing Company, which hawks its product under the label of Oi, is entering the cafe space and the first facility will come up in the tony Kalyani Nagar area of the city by October.
The domestic draught beer market is nascent and concentrated in metro cities like Bengaluru, the largest market with over 50 players, Delhi-NCR, Pune and Mumbai; all operated by small-time players.
From revenue and volume perspective the share of draught beer market is just about 1 per cent of the estimated USD 15-billion domestic beer market, which is expected to grow annually by 8.2 per cent between 2023 and 2027 to touch 5.81 billion litres, according to the industry publication Statista.
Yamuna Expressway Industrial Development Authority (YEIDA) on April 26 handed over allotment letters to the allottees.
“The medical device park, which is set to be built on an area of 350 acres in Gautam Buddh Nagar, will not only manufacture medical devices but also create employment opportunities on a large scale,” a UP government official said.
“The list of medical devices that will be manufactured at the park is quite extensive and diverse,” the official said.
According to YEIDA, the devices that will be made here will include orthopedic implants, oxygen concentrator, anaesthesia needle and kit, anaesthesia work station, spinal implant, X-ray machine, endoscopic, gastrology medical device, biliary stent, ICU ventilator, ECG machine.
Trauma management implant, coronary stent, hemodialysis kit, heart-lung bypass kit, cancer care equipment, video colposcopic machine, chemotherapy device, radiology device, nuclear imaging device, intraocular lens, etc. will also be made at the medical device park, it stated.
“The construction of two flatted factories by the authority to help industrialists with a low budget is an excellent initiative. It will also encourage small and medium enterprises to set up businesses, contributing to the medical device industry in the state,” YEIDA CEO Arun Vir Singh said “It will boost employment opportunities and contribute to the economic development of the state,” Singh added.