Medtronic, a global leader in medical technology, has inaugurated its expanded Medtronic Engineering and Innovation Center (MEIC) in Hyderabad. The center was inaugurated by Shri D. Sridhar Babu, Honorable Minister of IT, Industries & Commerce, Govt. of Telangana, and Geoff Martha, Chairman and CEO, in presence of US Consul General Jennifer Larson. Medtronic plans to expand its R&D center by investing over INR 3000cr (over $350M) over five years to scale up and employ 1500 people, aligning with its goal to expand its global R&D footprint and invest in local innovation ecosystems.
MEIC is also Medtronic’s largest R&D center outside the US.At 250,000 sq. ft. of total space,MEIC is going to focus on collaborative innovation, training and education, immersive experiences from the expanded space, all aimed towards shaping the future of healthcare technology.
The new facility will house various labs including Digital Therapy & Innovation, Connected Care, Platform & Tech, Systems Engineering, and Software, along with new workstations and wellness amenities for employees. Honorable Minister for IT, Industries and Commerce, Government of Telangana, Sri D Sridhar Babu said, “We are equally thrilled to support Medtronic’s growth and look forward to their contributions in the state and country in healthcare innovation.”
