Hyderabad is also emerging as the medical devices capital of India: KTR

Hyderabad’s position as the life sciences capital of the country and the world is only getting strengthened with each passing day. While the city’s and the State’s contribution in vaccines and pharmaceuticals is unmatched, the city is also emerging as the medical devices capital of India, said Telangana Industries minister KT Rama Rao.

Speaking at the inauguration of Medtronic’s largest R&D facility (MEIC) outside the US, in Hyderabad, the minister said, the State which commissioned the country’s largest medical devices park in Sultanpur (near Hyderabad) in 2017 today has attracted over 40 companies setting up units.

In August 2020, the company made an announcement to invest $160 million (Rs 1,200 crore)



employing more than 1,000 jobs over the next five years. The minister said Medtronic joined the marquee list of companies that have made Hyderabad their second largest home outside of their headquarters that includes Amazon, Google, Facebook, Microsoft, Apple, Uber, Salesforce and Novartis.

Joel Reifman, US consul general, Hyderabad said on the occasion, “Hyderabad has emerged as the destination of choice for IT, life sciences, aerospace and defence sectors with a strong talent pool, vibrant science and technology ecosystem, premier research institutes, availability of laboratory space and supportive government policies. The State’s initiatives will help accelerate the growth of these critical sectors.”