Hyderabad: Minister KTR Inaugurates Medtronic Co
KTR launched the research and development facility.
Hyderabad, April 7 (Maxim News): IT Minister KT Rama Rao today inaugurated a US based Medtronic Engineering and Innovation Center (MEIC) in the Hyderabad.
Extending all support for Medtronic, KTR said that it is to be the Largest Research and Development Center Outside the U.S. for Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced the inauguration of its newly expanded state-of-the-art Medtronic Engineering and Innovation Center (MEIC) in Hyderabad.
During the inauguration, KT Rama Rao reiterated the contribution of Medtronic in India’s R&D and said, “Hyderabad today is emerging as a hotspot for Medtech innovation benefitting from the progressive Government policies, abundant talent pool, extraordinary infrastructure, etc.
The Government of Telangana is fully committed to foster 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 & development.
Hyderabad is already home to marquee technology and life sciences companies and now, we are extremely delighted to host the largest R&D facility for Medtronic outside the United States he 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 medical devices hub in India.”
Joining the event virtually were S. Aparna, Secretary, Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Govt. of India, Joel Reifman, U.S. 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 were present. (Maxim News)