OMRON Healthcare to Set Up Its First Manufacturing Factory in India
June 07, 2023
OMRON Healthcare Co., Ltd. has announced a plan to establish a manufacturing factory at ORIGINS by Mahindra, Chennai (*1), in the Indian state of Tamil Nadu.
A memorandum on the establishment of the factory was signed in the presence of the prime dignitary of state, Mr. M.K. Stalin, Chief Minister of the Tamil Nadu State Government, and the factory is expected to begin manufacturing Blood Pressure Monitors from March 2025 onward.
GDP annual growth rate is expected to be around 6% until 2030 and the
population is expected to reach 1.66 billion in 2050 (*2). With the growth in
economy and population, one can also notice a rise in the number of lifestyle
disease patients. Among these types of diseases, hypertension is one of the
most common causes of cerebro-cardiovascular diseases such as stroke and heart
though the promising population of India juggles such health issues daily, the
penetration rate of blood pressure monitors remains low at around 2% (*3). The
establishment of the manufacturing factory and the steady distribution
structure is OMRON’s efforts to deliver blood pressure monitors to as many
people as possible in India. Thereby fulfilling its vision of "Going for
ZERO" (achieving zero cerebro-cardiovascular events).
More details about the factory:
Name: OMRON HEALTHCARE MANUFACTURING INDIA PRIVATE LIMITED
Date of establishment: July 14, 2022
Operation start date: March 2025 (TBD)
Area size: approx. 24,000 m2
Items to be manufactured: Blood pressure monitors
(*1) An industrial cluster and a joint venture between Mahindra World City in Chennai and Sumitomo Corporation of Japan
(*2) UN report
(*3) In-house research