Monday, June 17, 2024
    HomeHyderabadHyderabad's healthcare technology center to undergo expansion with Medtronic's 3000cr investment

    Hyderabad’s healthcare technology center to undergo expansion with Medtronic’s 3000cr investment

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    Medtronic, a global leader in healthcare technology, is investing over $350 million to expand its research and development center in Hyderabad, India. This investment builds on a previous investment of $160 million in the same center announced last year. The expansion will increase employment at the center from 800 to over 1,500 people over the next five years. The center will focus on key healthcare technology areas such as robotics, imaging and navigation, surgical technologies, and implantable technologies.

    This investment is part of Medtronic’s overall global research and development strategy and supports the Government of Telangana’s efforts to position Hyderabad as a global hub for healthcare technology research and innovation. Medtronic leaders met with the Honorable Minister for IT, Industries, Municipal Administration and Urban Development of Telangana, Shri KT Rama Rao in New York to announce the investment.

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    The Industries Minister K.T Rama Rao said that the expansion of the research and development center in Hyderabad is a testament to the city’s robust ecosystem and growing prominence in the global med-tech sector. Mike Marinaro, Executive Vice President & President, Surgical, Medtronic said that India is known as a global hub for technology innovation and that Medtronic is committed to investing in India’s healthcare ecosystem and delivering innovative solutions that improve patient outcomes.

    Divya Prakash Joshi, VP & Site Leader of the research and development center in Hyderabad said that investment in research and development is the foundation for innovation and progress in the healthcare technology sector. It enables them to improve patient outcomes, enhance healthcare quality, and drive economic growth. The investment will unlock greater potential for the center by fueling innovation and creating more job opportunities.

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