To ask the Secretary of State for International Development, what support the CDC Group has provided to the ventilator manufacturer Skanray Techologies; and how that investment is supporting public health systems in India respond to the covid-19 outbreak.
4 May 2020
CDC is an investor in Skanray Technologies Private Limited through the investment fund Ascent India Fund III managed by Ascent Capital Advisors Private Limited. The investment was made by the fund manager in 2013 with the purpose of expanding access to medical equipment in India and across South Asia. CDC continues to work closely with the company which is exploring options to scale-up its production capacity of ventilators in support of the public health response to Covid-19 in India.