hyderabad: medtronic announced an investment of around 3000 rupees (over $350 million) to expand the company. medtronic Engineering & Innovation Center (MEIC) of hyderabad. MEIC is Medtronic’s largest research and development (R&D) center outside the United States. This investment is part of Medtronic’s overall global R&D-driven innovation and growth strategy.
The investment builds on the $160 million initial investment in MEIC announced in 2020 and expands the company’s footprint. India. With this expansion, MEIC aims to tap into its vast pool of diverse and skilled human resources. India This includes engineering, mobile apps, application and desktop software, cloud/web apps, data engineering, embedded software, product security, and cyber product security. The investment will also support key healthcare technology areas such as robotics, imaging and navigation, surgical and implant technology.
Commenting on this, KT Rama Rao“Telangana is at the forefront of the life sciences sector and is also one of the first states in India to recognize medical devices as a high potential and high growth sector,” IT Minister Mr Telangana said. His MEIC expansion in Hyderabad is a testament to the city’s strong ecosystem and Hyderabad’s growing prestige in the global medical technology sector. We are excited to continue supporting Medtronic’s growth and look forward to Medtronic’s continued contributions to state and national healthcare innovation. “
Mike Marinaro, executive vice president and president of Medtronic’s Surgery Division, said: Hyderabad has proven to be a strategic location for Medtronic and we are proud to work with the Government of Telangana on a major investment in the country. “
In addition to the above comments, MEIC Vice President and Site Leader Divya Prakash Joshi said: “Investment in research and development is the foundation of innovation and advancement in the healthcare technology sector. It can improve patient outcomes, improve the quality of care and drive economic growth. Government: Telangana’s initiative has established Hyderabad as a center of innovation and enabler of the healthcare ecosystem, which is why we are excited about the future. Further potential will be unlocked for the Center by fostering innovation and creating more employment opportunities in activities that contribute to the
