Medtronic PLC to invest $350 million in Hyderabad

Medtronic PLC to invest $350 million in Hyderabad

• Medtronic PLC, the Dublin-based global leader in healthcare technology, announced an investment of over $350 million (approximately Rs.3000 crore) to expand the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad.
• They are setting up an R&D center with focus on modifier gene therapies and regenerative cell therapy, which is one of the key areas of focus for us as we look to triple the size of lifesciences.
• The announcement came after Medtronic leaders Mike Marinaro, Executive Vice President & President, Surgical, Mani Prakash, Vice President, Enterprise R&D, and Divya Prakash Joshi, Vice President & MEIC Site Leader, met IT and Industries Minister KT Rama Rao in New York.

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Published date : 18 May 2023 06:15PM