Medtronic plc has announced an investment of INR 3000cr (more than$350M) to expand the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad. This investment is part of Medtronic’s global R&D-led innovation and growth strategy. It supports the Govt. of Telangana’s efforts to position Hyderabad as a global hub for healthcare technology research and innovation.
This investment builds on the initial investment of $160M in MEIC that was announced in 2020 and expands the company’s footprint in India. MEIC aims to leverage India’s diverse and skilled talent to support key healthcare technology areas, such as robotics, imaging, navigation, and surgical and implantable technologies.
Medtronic leaders met the Hon’ble Minister for IT, Industries, Municipal Administration, and Urban Development Govt. of Telangana in New York, USA. Mr. K.T Rama Rao said, “The expansion of MEIC in Hyderabad is a testament to the city’s robust ecosystem and Hyderabad’s growing prominence in the global med-tech sector. We are thrilled to continue our support for Medtronic’s growth and look forward to their continued contributions to healthcare innovation in the state and country.”
