Olympus Corporation to establish R&D offshore development centre in Hyderabad
IMT News Desk
Olympus will collaborate with AIG Hospitals, Hyderabad, on joint research projects
Olympus Corporation, a global MedTech leader, has announced its strategic initiative to establish a Research & Development (R&D) Offshore Development Center (ODC) in Hyderabad. This decision follows a strategic agreement with HCL Tech, aimed at expanding Olympus' innovation generation activities globally.
The announcement was made during a high-profile meeting between the D Sridhar Babu, Minister of Information Technology, Electronics & Communications (ITE&C) and Industries & Commerce (I&C) of the Government of Telangana, Komatireddy Venkat Reddy, Minister for Roads and Buildings and Cinematography of the Government of Telangana and Syed Naveed, Global Senior Vice President, Research & Development, Olympus Corporation in USA.
The meeting also saw the virtual participation of Andre Roggan, Chief Innovation Officer at Olympus Corporation, joining from Tokyo, Japan. Special Chief Secretary Jayesh Ranjan, Consul General of India in New York Binaya Srikanta Pradhan and other senior state officials were also present as a part of the visiting delegation.
Minister Babu expressed his enthusiasm, stating, "We are thrilled that Olympus Corporation, one of the world's largest medical devices companies, has chosen Hyderabad for its first investment in India with an R&D centre, marking a significant milestone for our city's medical devices ecosystem. With Hyderabad's robust infrastructure, strategic location, and thriving community of innovative healthcare companies, this investment is poised to be a game-changer for the medical devices sector in India. I met them during BioAsia 2024 and assured them of the government’s full support. It is heartening to see that they have chosen Telangana to enter India and we are confident that Olympus' advanced technologies and expertise will significantly contribute to our vision of becoming a global hub for medical device innovation and manufacturing. I welcome Olympus Corporation to our ecosystem."
Concurrently, Olympus is preparing for the establishment of an in-house R&D centre in India in the coming years, adding to its existing R&D centres in Japan, the US and Europe.
In addition to the creation of the ODC, Olympus will collaborate with AIG Hospitals, Hyderabad, on joint research projects. This partnership aims to leverage clinical expertise and insights from one of India's premier healthcare institutions to drive the development of innovative medical solutions that address the evolving needs of patients worldwide.
Andre Roggan, Chief Innovation Officer, Olympus, commented, “It is with great pleasure and excitement that we announce this agreement with HCL Tech, with whom we share a decade-long partnership in core engineering and R&D services. I am confident that our collaboration will enhance Olympus’ engineering capabilities and unlock innovations that enable quality healthcare through technology.”
