Hyderaabad, August 14, 2020: Global leader in medical technology, Medtronic plc,  is to invest Rs 1200 crores ( Rs 12 billion)  in scaling up and expanding its  R&D centre here  into a state-of-the-art engineering and innovation centre.
This will be  its global R&D centre outside the United States for Medtronic. This investment planned over 5 years will provide a boost to Telangana’s MedTech plans and cement Hyderabad’s position as the medical devices hub in India.
The Government of Telangana and Medtronic have been in discussion for the last two years regarding the modalities of investment. During his visit to the United States in 2016, Minister for Industries & IT,  KT Rama Rao and his team of officials from Telangana had a meeting with Omar Ishrak, Executive Chairman and Chairman of the Board, Medtronic.
Says Ishrak:  “Research and Development leads to innovation and innovation is crucial to our growth strategy. Medtronic’s investment in India is a testament to our commitment to the region and we are proud to be collaborating with the Government of Telangana on this major investment in the country. The expansion of MEIC will help us serve the Medtronic Mission to use medical technology to alleviate pain, restore health and extend life for patients around the world, which is also aligned with the government’s vision to improve access to healthcare for patients in India.”
Said Rama Rao: “We are delighted that Medtronic has chosen Hyderabad as its largest R&D base outside the U.S. and intends to create about 1000 jobs in the next few years. It is indeed a great honour for the city to host this center and it is a testimony to Hyderabad’s growing prowess in the medical devices sector. Government of Telangana is committed to the growth of med-tech in the state and we see this partnership with Medtronic as a pivotal one. We will work with them to ensure this center will continue to contribute to their remarkable efforts to improve healthcare globally.”
Added Madan Krishnan,  Medtronic's Vice President Indian Subcontinent and Minimally Invasive Therapies Group: “At Medtronic, invention and innovation are vital so that we can help enhance therapy outcomes for people with chronic diseases. MEIC conducts advanced engineering R&D and product development in the areas of design, analysis, advanced hardware- software development and testing. The futuristic vision of Govt. of Telangana and access to great infrastructure has enabled us to make this investment in Hyderabad. I’m confident that this major investment would create many job opportunities in healthcare and help energize the medical devices innovation ecosystem in India.”
Medtronic first established  an Engineering and Innovation Centre, in  Hyderabad  in 2011. The Centre provides software and engineering solutions to the Global Business Units of Medtronic for ventilators, robotic assisted surgery, RF Generators, Navigation and Imaging equipment, encompassing areas of Embedded and Enterprise Software Development and Testing; Mechanical Design and Analysis; Hardware Engineering; Quality and Compliance; and Project Management.