MedTech firm Olympus selects Hyderabad for offshore R&D centre in India
The Hindu
Olympus Corporation partners with HCLTech to establish R&D centre in Hyderabad, driving medical technology advancements in India.
Global medtech major Olympus Corporation has chosen Hyderabad for a research and development Offshore Development Centre (ODC).
Coming up in partnership with technology firm HCLTech, the ODC will be precursor to an in-house R&D centre Olympus intends to eventually have in India, in coming years. Japan, the U.S. and Europe host the existing R&D centres of the medtech firm.
Olympus announced its plans during the meeting a visiting official delegation from Telangana comprising Ministers D. Sridhar Babu and Komatireddy Venkat Reddy as well as senior officials had in the U.S. with Global Senior Vice President-R&D of Olympus Corporation Mr. Syed Naveed. Chief Innovation Officer Andre Roggan joined virtually from Tokyo, Japan.
The decision to establish the ODC is a testament to Olympus’ commitment to leverage global R&D talents and resources to drive advancements in medical technology. As India’s medtech hub, Hyderabad provides ideal environment with its rich talent pool and established infrastructure for R&D activities necessary for Olympus’ expansion efforts, Telangana government and the firm said in a joint release.
Product innovation
Separately, in a release, HCLTech said the facility it is establishing in Hyderabad is a dedicated product innovation centre that will serve Olympus’ operations across the U.S., Europe, Middle East and Africa. The ODC is expected to commence operations by July 2024 and boost Olympus’ business expansion plans and drive advancements in medical technology.
Telangana government had hosted the senior leadership of Olympus Corporation at the BioAsia 2024 in Hyderabad.
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