In a groundbreaking move set to bolster India’s medical technology landscape, Olympus Corporation, has announced a strategic initiative to establish a Research & Development (R&D) Offshore Development Center (ODC) in Hyderabad. This decision comes as part of a strategic agreement with HCL Tech aimed at expanding Olympus’ global innovation activities.
The announcement was made during a high-profile meeting involving the Honourable Mr. D. Sridhar Babu, Minister of Information Technology, Electronics & Communications (ITE&C) and Industries & Commerce (I&C) of the Government of Telangana; Honourable Mr. Komatireddy Venkat Reddy, Minister for Roads and Buildings and Cinematography of the Government of Telangana; and Mr. Syed Naveed, Global Senior Vice President, Research & Development, Olympus Corporation in the USA. Joining virtually from Tokyo, Japan, was Mr. Andre Roggan, Chief Innovation Officer at Olympus Corporation. 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 part of the visiting delegation.
Minister Sridhar Babu, leading a delegation in the United States to attract investments to Telangana, expressed his enthusiasm for the initiative. “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 center, 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,” he said.
The establishment of this R&D ODC demonstrates Olympus’ commitment to leveraging global R&D talents and resources to drive advancements in medical technology. Hyderabad, renowned as India’s MedTech hub, provides an ideal environment with its rich talent pool and established infrastructure necessary for research and development activities.
Olympus is also preparing to establish an in-house R&D center in India in the coming years, adding to its existing R&D centers in Japan, the United States, and Europe. This move signifies Olympus’ long-term commitment to India and its confidence in the country’s growing MedTech capabilities.
In addition to the ODC, Olympus will collaborate with AIG Hospitals in Hyderabad on joint research projects. This partnership aims to leverage clinical expertise and insights from one of India’s premier 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 significant growth with the support of its stakeholders. These strategic initiatives not only reinforce Olympus’ commitment to advancing medical technology but also strengthen its global footprint and enhance its ability to deliver impactful healthcare solutions.
Mr. Andre Roggan, Chief Innovation Officer at Olympus, commented, “It is with great pleasure and excitement that we announce this agreement with HCL Tech, 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.”
HCL Tech is a global technology company, home to more than 227,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud, and AI, powered by a broad portfolio of technology services and products. HCL Tech works with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of the 12 months ending March 2024 totaled $13.3 billion. To learn how HCL Tech can supercharge progress for you, visit hcltech.com.
Olympus Corporation, is dedicated to making people’s lives healthier, safer, and more fulfilling through innovative solutions. With over 100 years of experience, Olympus partners with healthcare professionals worldwide to provide best-in-class products and services for early detection, diagnosis, and minimally invasive treatment. The company’s commitment to excellence is evident in its comprehensive portfolio of cutting-edge medical devices and technologies, which aim to improve patient outcomes and elevate the standard of care across various disease states.
