logo
MedTech Zone Puts Vizag on the Science Map of India

MedTech Zone Puts Vizag on the Science Map of India

Time of Indiaa day ago

Visakhapatnam: In a major boost to Vizag's growing scientific stature, the Andhra Pradesh MedTech Zone (AMTZ) has firmly placed the city on India's science and technology map. During a high-level meeting in New Delhi, the Principal Scientific Adviser to the Government of India, Prof.
Ajay Sood, released the Science and Technology (S&T) Clusters Annual Report 2024–25, featuring the Vizag Science and Technology Cluster based at AMTZ as one of the country's eight strategic innovation hubs.
Launched in 2024, the Vizag Science and Technology Cluster is the youngest of India's S\&T Clusters but has already made its mark by fostering collaboration across medical technology, automation, circular economy, advanced materials, and e-waste management.
Spearheaded by AMTZ, the cluster brings together researchers, startups, industry, and academic institutions to create scalable impact through technology.
At the meeting, Dr Jitendra Sharma, MD and founder CEO of AMTZ and anchor of the VSTC, shared the cluster's broader mission. "The Vizag S&T Cluster is a catalyst for convergence—linking science, industry, and innovation. We're translating this synergy into self-reliant healthcare solutions that advance Make in India and Atmanirbhar Bharat."
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Ask A Pro: "I'm 70 with $1.4M in IRAs. Should I convert $120K/Year to a Roth?"
SmartAsset
Undo
Located within Asia's largest medical technology park, AMTZ, the Vizag S\&T Cluster has launched several impactful initiatives. Among them is a sustainable e-waste management facility, 'e-yantram', being developed in collaboration with the National Metallurgical Laboratory (NML), supporting scientific collection, dismantling, and recycling of electronic waste. In cardiac care, it has advanced the indigenous development of pacemaker leads through a technology transfer, and other efforts are underway to localize device manufacturing and reduce import reliance.
Beyond infrastructure, the cluster is fostering collaboration between industry and academia through initiatives like the Vizag S&T Cluster Industry Meet. The S&T Clusters Annual Report 2024–25 outlines key achievements from clusters across Bengaluru, Hyderabad, Pune, NCR, Jodhpur, Bhubaneswar, and Chandigarh—but Vizag's rapid ascent within a year of inception is being seen as a model of how science and innovation can be localized for maximum national benefit.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

South Goa highway project to use AI-driven construction technology
South Goa highway project to use AI-driven construction technology

Time of India

time17 minutes ago

  • Time of India

South Goa highway project to use AI-driven construction technology

Panaji: The Union ministry of road transport and highways (MoRTH) has chosen highway projects across the country where AI-driven technology will be implemented. Of the 16 pilot projects chosen across the country for the implementation of the technology in 2025-26, one is the Rs 700 crore project in Goa for the four-laning of 22km of the highway from Bendordem to Canacona. The ministry will use Automated and Intelligent Machine-aided Construction (AIMC) for this project, which was successfully tested in the construction of the Lucknow-Kanpur expressway project. Officials said that the Bendordem to Canacona project was sanctioned and will be awarded soon. The new technology will ensure faster, efficient and accurate construction with minimum human intervention. 'AIMC involving GPS-aided motor grader, intelligent compactor and stringless paver were used in the Lucknow-Kanpur expressway project. For the Bendordem to Canacona project, the ministry has said it will facilitate the contractor to get the required licence for the needed radio frequency range to use the technology, from the department of telecommunications,' said an official. Officials said that AIMC was found useful in projects requiring a significant amount of earthwork like the Goa project. 'GPS-guided machines and 3D modelling, among other technologies, will be used to ensure that the construction is as close to the design as possible. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Explore Home Solar Installation Careers and Training Options LocalPlan Search Now Undo A login and password will be created, where all data from the project will be saved. It is not a substitute for the conventional quality checks, but the aim of AIMC is to aid quality management,' said the official. The expansion of the NH-66 from Bendordem to the start of the Canacona bypass forms an integral part of the Mumbai-to-Kanyakumari four-lane corridor. It is a crucial artery connecting the towns of Margao, Cuncolim, and Canacona. It will traverse the villages of Bendordem, Cordem, Barcem and Canacona. This stretch is vital to facilitate the inter-state traffic with Karnataka and Maharashtra, which will also improve intra-state connectivity to Panaji and Margao. The project is being taken up on a hybrid annuity model, where the govt provides 40% of the project cost as construction support to the private developer during construction. The remaining 60% is paid as annuity payments over the concession period, along with interest. Govt also makes separate payments for operations and maintenance.

Mission Admission seminar guides students for bachelor's, MBBS & other courses abroad
Mission Admission seminar guides students for bachelor's, MBBS & other courses abroad

Time of India

time31 minutes ago

  • Time of India

Mission Admission seminar guides students for bachelor's, MBBS & other courses abroad

Pune: From questions about internships to securing the best scholarships, queries related to MBBS admissions abroad and bachelor's programmes in Germany were addressed on Sunday as part of the Mission Admission, an initiative by The Times of India and Astute Academy. The seminars were conducted in two sessions by chairman of Astute Academy, Tushar Deoras, at the Progressive Education Society's auditorium. The first seminar, at 10.30am, covered the Free Germany-English Medium Bachelor's programmes. Deoras said Germany is the world's third-largest economy and a developed country. He explained the complete admission criteria of Germany in prestigious Technical Universities (TUs), Technical Universities (TU) of Applied Science and Applied Science Public Universities. Deoras said, "One of the highlights of the course is that students are not required to take the most challenging Feststellungsprüfung (FSP) exam. The FSP is an assessment test for international students seeking to study at German universities to be taken after the Studienkolleg. Additionally, before students fly from India, Astute will obtain a university admission letter and a Studienkolleg admission letter, which is a rare and unique achievement." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 motivi per rottamare ora la caldaia per una pompa di calore Aira Scopri di più Undo You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune Students who passed Standard XII can join colleges in Sept/Oct 2025. Deoras said Germany offered the fastest citizenship route and was one of the most sought-after European countries. During the second seminar, which started around 12.30pm, Deoras guided the audience regarding medical post-graduation in the USA, UK, Australia and New Zealand, the only countries accepted by the National Medical Commission. A parent, whose daughter is in the third year of MBBS and willing to pursue PG abroad, said, "We are confused regarding her admission for PG, whether it should be done from India or abroad. The money factor is huge, but we are very keen on taking specialised training in universities abroad." Deoras guided the parent regarding the specific query and stated that PG admissions in India would also cost around Rs 30 to 40 lakh. If the applications are made to universities with proper guidance and advance planning, the PG programme abroad was possible. Deoras explained many pathway programmes for students of biological sciences like Ayurveda, Homeopathy, Biotechnology, Biology, Microbiology, Physiotherapy and other courses to practice Allopathy in the USA.

Flipping farm land for cash? ITAT's ruling may close India's oldest black money trick
Flipping farm land for cash? ITAT's ruling may close India's oldest black money trick

Time of India

time35 minutes ago

  • Time of India

Flipping farm land for cash? ITAT's ruling may close India's oldest black money trick

Mumbai: The old trick of flipping farm land to white-wash cash is in the crosshairs of the taxman. Buying agricultural land way below the market value in a predominantly cash deal, and subsequently selling the land at the actual value in an official transaction has been used for decades by babus, businessmen, politicians, and cine stars to legitimise undisclosed funds. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Specialist Down Jackets for Ultralight Adventures Trek Kit India Learn More Undo Now, a recent tax tribunal ruling threatens to throw a spanner in this well-oiled machine. While the views of the Income Tax Appellate Tribunal (ITAT) pertain to an otherwise innocuous case of alleged tax evasion and are not linked to any dodgy deals, its observations strike at the heart of this laundering machine that thrives on buy-sell of farm lands. ITAT is a quasi-judicial authority and hears disputes before matters are challenged before the High Court. Consider this: a person with unexplained cash cuts a deal with an agriculturist to purchase land, having a market value of ₹10 crore. Live Events Here, the official land value in the sale deed is quoted as ₹2 crore while the balance ₹8 crore is paid in cash. The seller, probably a farmer who pays no tax and is not tracked by the I-T department, has no qualms in accepting cash. Besides, he may have genuine use of the cash for paying labourers, buying seeds, fertiliser etc. A few years later, the buyer of the land sells the land for ₹10 crore (its true value) receiving the entire money as cheque or bank transfer, with the registration documents recording the sale at the fair market value. The two transactions-first buying the land and later selling it-enables the original buyer of the land to convert cash or 'black money' of ₹8 crore (the difference between ₹10 crore and ₹2 crore) into 'white'. How? By virtue of the asset being agricultural land, no tax is paid for purchasing the land at a price much lower than the ready reckoner value-unlike a transaction involving any non-farm, urban land where the buyer must pay tax on the difference between the market price and transaction price. Again, no 'capital gains tax' is paid by the seller when the land is later sold at the full value of ₹10 crore because agricultural land is excluded from the definition of 'capital asset'. Farm land is 'Immovable Asset' While the Ahmedabad bench of ITAT has endorsed the exemption of capital gains tax on sale of farm land, it has questioned the non-payment of tax on the first leg of the transaction (where a ₹10 crore worth asset is bought for ₹2 crore). Under Section 56(2)(x) of the I-T Act, full income tax is levied on the difference between the market value and transaction price of such "immovable property" (among other assets). The ITAT in its May 27 ruling said, "The term 'immovable assets' has not been defined in section 56(2)(x) or in any other section in the I-T Act. This renders the word to be used in general parlance. In general understanding of the term, the word 'immovable asset' means an asset which cannot be removed without destroying or altering it. Therefore, going by the general definition, 'immovable property would, in our view, include any rural agricultural land, in absence of any specific exclusion in section 56(2)(x)." If this view is upheld by the High Court, buying-selling farm land to launder bribes and cash payments would run into a serious hurdle.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store