A dedicated MedTech Capital fund was launched through a strategic partnership involving the Andhra Pradesh MedTech Zone (AMTZ) based here in Visakhapatnam.
The new platform, created alongside MedArtha Capital, was officially unveiled by Union Minister for Commerce and Industry Piyush Goyal at a programme in Mumbai on Sunday (March 15, 2026), according to a release here.
This initiative is designed to provide essential growth capital and strategic support to emerging medical device companies, helping local start-ups scale their research and manufacturing capabilities.
Speaking on the occasion, Mr. Piyush Goyal described the MedTech sector as a “sunrise opportunity,” noting that India’s vast talent pool and the rising awareness of preventive healthcare make this the perfect time for such a fund.
Dr. Jitendra Sharma, founder Managing Director and CEO of Visakhapatnam’s AMTZ, highlighted that the zone has already witnessed incredible innovation from Indian entrepreneurs and that this fund will act as the final piece of the puzzle to make these products global. He emphasised that with strong engineering and cost-efficient manufacturing, India has the potential to lead the world in medical technology.
