MIAMI – The Detroit Medical Center announced Thursday that it has signed a $3 million agreement with an Indian company to manufacture medical equipment.
The announcement came the same day that the U.S. Food and Drug Administration approved a plan by the UAW-CIO to buy up to 1,100 medical devices from General Motors, General Electric and Ford.
The Detroit Medical Centers medical equipment business is expected to generate an annual revenue of $2.8 billion in fiscal 2021, according to the company.
The medical equipment industry employs about 20,000 people in Michigan.
In addition to purchasing and assembling medical equipment from the medical equipment manufacturer, the Detroit Medical Ctr.
is also investing $3.3 million in a pilot project with General Motors to build a 1,000-person medical support center in the Flint area, according a release from the Detroit City Council.
The project will begin next year and the company has agreed to a loan of $10 million, Detroit Mayor Dave Bing said.
The announcement comes amid concerns about rising rates for emergency medical technicians, who are often hired to respond to medical emergencies.
The federal government last month gave the UAV industry another $3 billion in funding to support the use of unmanned aerial vehicles in response to the pandemic.
The Federal Aviation Administration said Wednesday that it had granted permission for the use by the Federal Aviation Authority of unmanned aircraft for surveillance, communication and surveillance missions in the United States and Canada.