Panacea Medical Technologies Opening First U.S. Facility In Indiana

SourceBusiness Facilities
Date Published02/19/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Panacea Medical Technologies U.S.
Parent companyPanacea Medical Technologies
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):65
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2021
Capital investment ($):11.7
Country(ies) from which reshored:India
City reshored to:Noblesville
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredradiation therapy machines for cancer treatment
What domestic positive factors made reshoring more attractive?Automation/technology, Customer responsiveness improvement, Government Incentives, Proximity to customers/market, Skilled workforce availability/training
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