Japanese MedTech firm Olympus Corporation announced today its strategic initiative to establish an R&D Offshore Development Center (ODC) in Hyderabad, India, in collaboration with HCLTech to diversify Olympus’ innovation-generation activities.
Olympus’s current R&D centers are in Japan, the United States, and Europe.
Since establishing Olympus Medical Systems India Private Limited in 2009, Olympus has continued to expand its operations in India. Establishing an R&D ODC in Hyderabad is part of this commitment and expansion.
Olympus chose Hyderabad for its expansion effort due to its well-known MedTech hub and providing the talent needed for research and development activities.
Andre Roggan, Chief Technology Officer at Olympus, said, “It is with great pleasure and excitement that we announce this agreement with HCLTech, with whom we share a decade-long partnership in core engineering and R&D services.
“I am confident that our collaboration will enhance Olympus’ engineering capabilities and unlock new innovations that enable quality healthcare through technology,” said Andre.
“We are thrilled that Olympus Corporation, one of the world’s largest medical device companies, has chosen Hyderabad for its first investment in India with an R&D center, marking a significant milestone for our city’s medical devices ecosystem. 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,” said Mr. D. Sridhar Babu, Minister of Information Technology, Electronics & Communications (ITE&C) and Industries & Commerce (I&C) of the Government of Telangana.
The company plans to further establish its presence in the country by collaborating with AIG Hospitals, Hyderabad, for joint research projects.
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