Global leader in medical technology Medtronic opened the expanded Medtronic Engineering and Innovation Center (MEIC) in Hyderabad on Thursday.
The project is part of a more than $350 million (around Rs.3,000 crore) investment the U.S. firm has committed over a five-year period to scale up and expand the research and development centre as well as raise the headcount from the existing around 950 to 1,500.
“It stands as beacon of innovation, largest outside the U.S. for Medtronic with the additional 1 lakh sq ft. MEIC now boasts of 2.5 lakh sq ft dedicated to collaborative innovation, training, education and immersive experiences, all aimed at shaping future of healthcare technologies,” said Industries and IT Minister D. Sridhar Babu, who inaugurated the centre in the presence of Medtronic chairman and CEO Geoff Martha and US Consul General Jennifer Larson.
