# Ascent Meditech to build new manufacturing facility in Daman

Ascent Meditech raised ₹70 crore from LeapFrog to build a new manufacturing facility in Daman, expanding capacity fourfold to 160,000-200,000 units per day, and increasing employment to 5,000.

- Type: Expansion
- Announced: 2019-02-18
- Where: Daman, India
- Jobs: 3,550
- Status: announced
- Capacity: 160,000-200,000 units per day
- Products: orthopedic soft goods, wound care products, pain management products
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Ascent Meditech](https://endata.com/companies/37412.md)
- [LeapFrog Investments](https://endata.com/companies/37413.md) (investor)

## Sources

- [thehindu.com](https://www.thehindu.com/business/ascent-meditech-to-expand-capacity-fourfold/article26305844.ece), 2019-02-18: "We will use the money in capacity expansion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.