The state-of-the-art Medtronic Engineering & Innovation Center (MEIC) was inaugurated by IT & Industries Minister KTR in Hyderabad.

MEIC serves as a global hub for development, testing and qualification for some of the most advanced and innovative technologies.

Geoff Martha Chairman & CEO Medtronic, Joel Reifman US Consulate General, Hyderabad, S. Aparna, Secretary, Dept of Pharmaceuticals, Govt. of India, RK Madan Vice President & MD Medtronic India, Jayesh Ranjan, Principal Secy, Industries and Shakthi Nagappan Director Hyderabad Life Sciences participated.

MEIC recently received an investment of Rs. 1200 Crore ($160 million) for expansion in Hyderabad. MEIC, Hyderabad will be the largest Research & Development Centre outside the U.S. for Medtronic. The Centre aims to recruit 1000 employees.

IT and Industries Minister KTR addressed the delegates after formally inaugurating the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad.

I would like to call out the Medtronic global leadership for keeping their commitment with Telangana and India. This is surely going to energize the ecosystem for Medtech research in India.

Hyderabad’s position as the life sciences capital of the country and the world is only getting strengthened with each passing day.

My humble request to the Government of India is to consider incentives and continued support to the companies which will engage in development of medical devices.

I strongly believe Innovation and R&D will hold key in accelerating growth of this sector.

In order to boost innovation, Govt of Telangana has taken various initiatives including establishing incubation centers focused on medical technologies, handholding support, technology partnerships, access to testing and regulatory facilities.