The announcement was made during a meeting between D.Sridhar Babu, Minister of Information Technology, Electronics & Communications (ITE&C) and Industries & Commerce (I&C) of the Government of Telangana, Komatireddy Venkat Reddy, Minister for Roads and Buildings and Cinematography of the Government of Telangana and Syed Naveed, Global Senior Vice President, Research & Development, Olympus Corporation in the USA.
The meeting also saw the virtual participation of Andre Roggan, Chief Innovation Officer at Olympus Corporation, joining from Tokyo, Japan. Special Chief Secretary Jayesh Ranjan IAS, Consul General of India in New York Binaya Srikanta Pradhan and other senior state officials were also present as a part of the visiting delegation.
How this partnership will improve medical tech in India
Establishing this R&D centre will allow Olympus to use its global talents and resources to drive advancements in medical technology. The company said that Hyderabad will also provide the ideal environment for its talent with infrastructure for research and development activities necessary for Olympus’ expansion efforts.
Olympus is also preparing for the establishment of an in-house R&D centre in India in the coming years, adding to its existing R&D centres in Japan, the US and Europe.
In addition to the creation of the ODC, Olympus will collaborate with AIG Hospitals, Hyderabad, on joint research projects. This partnership aims to leverage clinical expertise and insights from one of India’s major healthcare institutions to drive the development of innovative medical solutions that address the evolving needs of patients worldwide.
Since establishing Olympus Medical Systems India Private Limited in 2009, the company has continually expanded its operations in India, achieving major growth with the support of its stakeholders.
With these initiatives, Olympus wants to advance medical technology but also strengthen its global footprint and enhance its ability to deliver important healthcare solutions.
What Telangana minister said about this initiative
Babu is also leading a delegation in the US to attract investments to the state of Telangana. The government of Telangana had earlier hosted senior leadership of Olympus Corporation during BioAsia 2024.
Minister Babu expressed his enthusiasm, stating, “We are thrilled that Olympus Corporation, one of the world’s largest medical devices companies, has chosen Hyderabad for its first investment in India with an R&D centre, marking a significant milestone for our city’s medical devices ecosystem. With Hyderabad’s robust infrastructure, strategic location, and thriving community of innovative healthcare companies, this investment is poised to be a game-changer for the medical devices sector in India.
I met them during BioAsia 2024 and assured them of the government’s full support. It is heartening to see that they have chosen Telangana to enter India and we are confident that Olympus’ advanced technologies and expertise will significantly contribute to our vision of becoming a global hub for medical device innovation and manufacturing. I welcome Olympus Corporation to our ecosystem.”
