Medtronic unveils engineering and innovation centre in Hyderabad

Medtronic plc, a global leader in medical technology, on Wednesday announced the inauguration of its newly expanded state-of-the-art Medtronic Engineering and Innovation Center (MEIC) here.

According to a press release, the 1.5 lakh sqft research and development facility was inaugurated by KT Rama Rao, Minister for IT and Industries.

With this expansion, MEIC aims to leverage the sizable pool of diverse and skilled talent in India to continue its pioneering work in the medical technology space.

Geoff Martha, Medtronic chairman and CEO said ''With MEIC we aim to tap the talent to continue to innovate for India and beyond. This partnership with Govt. of Telangana for the expansion of MEIC will help us serve our Mission to alleviate pain, restore health and extend life for patients around the world.'' Globally, Medtronic has spent approximately USD 2.3 billion annually in research and development in recent years, and MEIC recently received an investment of Rs 1,200 crore (USD 160 million) for expansion in Hyderabad.

This investment planned over 5 years, aims to foster global innovation and create several job opportunities, the release said.

K T Rama Rao said the state government is fully committed to fostering the culture of innovation in the state and has been undertaking several initiatives to mark India on a global map as an ideal destination for both manufacturing and research and development.

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