USA: The city of Hyderabad is buzzing with excitement as it welcomes one of the country’s largest investments in the medical devices sector. Medtronic, a renowned medical technology company, has chosen Hyderabad as its base for this monumental venture, solidifying Telangana’s status as a global hub for medical devices research and innovation.
With an investment exceeding USD 350 million (approximately INR 3000 crore), Medtronic’s decision demonstrates its confidence in Telangana’s conducive environment for the medical devices industry. The investment will not only boost the local economy but also create numerous job opportunities in the region.
The government and people of Telangana express their gratitude to Medtronic for selecting Hyderabad as the destination for this significant investment. The state’s commitment to fostering a thriving ecosystem for research, innovation, and manufacturing in the medical devices sector has attracted global attention.
This milestone investment by Medtronic reinforces Telangana’s position as a preferred choice for leading companies in the healthcare and life sciences domains. The state’s progressive policies, world-class infrastructure, and skilled workforce have played a vital role in attracting such substantial investments.
The government, along with various stakeholders, will continue to provide full support and collaboration to Medtronic, ensuring the smooth implementation and success of their operations in Hyderabad. This investment is expected to have far-reaching benefits, including advancements in medical technology, enhanced healthcare services, and economic growth for the state and the country as a whole.
Telangana looks forward to the synergies and advancements that will result from Medtronic’s presence in the region. The investment further strengthens the state’s resolve to foster innovation and contribute to the advancement of the medical devices sector on a global scale.
