Medtronic (India), the Indian arm of global medical technology company Medtronic is eyeing to shift its manufacturing capabilities to India and seems to find Hyderabad as an ideal destination to do so. Medtronic has its presence in 160 countries. The firm feels it can help the patients and society at large by expanding its base to Hyderabad. It feels the central government’s production-linked incentive scheme is a good initiative and hopes that the domestic market grows and government begins to spend more on healthcare.
While pointing out that attractiveness needs to improve further, the multi-national company says its experience with the Telangana government has been very positive. They maintain that the government has been very receptive to their ideas and requirements. The 'say-do' ratio is very high and the government engages the industry well, say the company’s top executives. They further add that integrating manufacturing with the R&D center, already existing in Hyderabad, will provide certain advantages.
They feel Hyderabad is right in terms of a good ecosystem, talent availability, and investor-friendly policies. Their R&D team has already developed capabilities in the area of remote monitoring of ventilators in collaboration with Intel during the pandemic.
The company recently started Medtronic Engineering and Innovation Centre (MEIC) in the city. The 1,50,000 square feet center employs engineers for software development and testing, test automation, mechanical design, analysis, and hardware. There are plans to double hiring in the next fiscal year.
MEIC received an investment of Rs 1200 crore for expansion which will be spent on a combination of physical infrastructure, lab and technology equipment as well as human and scientific capital. The company has recently collaborated with Apollo Hospitals to accelerate the diagnosis of strokes. The company is also looking at neurosciences, surgical robotics (embedded and algorithm development software) suitable for different devices, software implantable, use of data analytics in cardiac rhythm management and cybersecurity. While much of the focus would be on software, there will be some emphasis on mechanical design, hardware, and program management.