The centre will be the largest R&D centre outside the US for Medtronic
Medtronic announced the inauguration of its newly expanded state-of-the-art Medtronic Engineering and Innovation Center (MEIC) in Hyderabad. The research and development facility was inaugurated by KT Rama Rao, Minister for Municipal Administration and Urban Development, Industries & Commerce, and Information Technology and his team of officials from the Government of Telangana.
Joining the event virtually were S Aparna, Secretary, Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Government of India, Joel Reifman, US consul general, Hyderabad, and Geoff Martha, Medtronic chairman and CEO. Key dignitaries present at the event were Jayesh Ranjan, principal secretary, Industries & Commerce and IT, Government of Telangana, and Shakthi Nagappan, Director, Life Sciences & Pharma, Government of Telangana.
The 150,000 square feet centre employs engineers currently in the areas of software development and testing, test automation, mechanical design, analysis and hardware. With this expansion, MEIC aims to leverage the sizeable pool of diverse and skilled talent in India to continue its pioneering work in the medical technology space and add further to Medtronic’s 150+ patents and 400+ IP disclosures globally that MEIC has been a part of.
“Innovation is one of the cornerstones for Medtronic. Over the years, Medtronic has expanded its footprint, while significantly contributing to the healthcare ecosystem. Given the market size and availability of high-class talent pool, India is transforming into a global R&D hub,” said Martha. “With MEIC we aim to tap the talent to continue to innovate for India and beyond. This partnership with Government. 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 $2.3 billion annually in research and development in recent years, and MEIC recently received an investment of Rs 1200 crore ($160 million) for expansion in Hyderabad. This investment planned over five years aims to foster global innovation and create several job opportunities.
During the inauguration, Rao reiterated the contribution of Medtronic in India’s R&D and said, “Medical devices sector has been identified as one key focus sector by the state. Inauguration of the new MEIC site will boost Telangana’s MedTech plans and cement Hyderabad’s position as the hub of the medical device in India.”
Speaking at the inauguration function, Madan Krishnan, Vice President and MD, India Medtronic, said, “The R&D team in India is a key contributor to Medtronic’s global product development. The opening of the new site is an important milestone for us as it serves as a critical component in strengthening our global R&D organisation and will also drive innovation and growth.”
MEIC serves as a global hub for development, testing and qualification for some of the most advanced and innovative technologies. The setting up of a new R&D facility is a purposeful step to create synergy by supporting Medtronic’s businesses globally, in various therapy areas; including respiratory intervention, remote patient monitoring and digital health, surgical robotics, electrosurgical generators, cardiac rhythm and heart failure, and navigation, amongst others.
Commenting on the unveiling of the centre, Divya Prakash Joshi, senior director and site leader, MEIC, Hyderabad said, “The newly expanded centre houses state-of-the-art labs that provide software and engineering support to Medtronic globally. The new facility has been designed with safety, comfort, and the well-being of employees as a top priority. With access to top-notch STEM professionals, the strategic goal of MEIC is to become a destination centre for medical device software and engineering solutions. Through this R&D centre, Medtronic continues to demonstrate its commitment to use medical technology to alleviate pain, restore health and extend life for patients around the world.”