Hyderabad, Feb 29 (INN): Medtronic, the global leader in medical technology, inaugurated its newly expanded state-of-the-art Medtronic Engineering and Innovation Center (MEIC) in Hyderabad.
The centre was inaugurated earlier today by IT Minister D Sridhar Babu, along with Medtronic Chairman and CEO Geoff Martha, in the presence of US Consul General Jennifer Larson. The R&D centre’s expansion strategically aligns with Medtronic’s objective to expand its global R&D footprint and invest in the local innovation ecosystem. The expansion is part of the investment of approximately Rs 3,000 crores announced by Medtronic over a five-year period to scale up and expand the R&D facility and to employ 1500 people in future.
MEIC is also Medtronic’s largest R&D centre outside the US. At 250,000 sq ft of total space, MEIC is going to focus on collaborative innovation, training and education, and immersive experiences from the expanded space, all aimed towards shaping the future of healthcare technology. The new space will house a Digital Therapy & Innovation Lab, Connected Care Lab, Platform & Tech Lab, Systems Engineering Lab, and Software Lab, as well as new workstations and wellness amenities for employees.
Speaking at the inauguration event, IT Minister Sridhar Babu said, “The presence of MEIC in Hyderabad is a testament to Hyderabad emerging as a hotspot for medtech innovation. The State Government is fully committed to fostering this growing culture of innovation in the state and will work towards marking Hyderabad on a global map as an ideal destination for medical device manufacturing and research & development. We are equally thrilled to support Medtronic’s growth and look forward to their contributions in the state and country in healthcare innovation.”
Medtronic Chairman and CEO Geoff Martha said, “Innovation is at the core of every life-transforming technology developed at Medtronic. Our R&D team in India plays a pivotal role in Medtronic’s global product development, and MEIC‘s expansion marks a significant milestone in strengthening our global R&D capabilities. We thank the Government of Telangana for building a thriving local innovation ecosystem. There is significant headroom for innovation and growth today, and the future of healthcare technology rests on robust R&D.”
