Olympus and HCLTech Join Forces to Pioneer Medical Technology Innovation in India

A Groundbreaking Partnership for Healthcare Advancement

In a landmark move, Olympus Corporation, a global leader in medical technology, has forged a strategic partnership with HCLTech to establish a cutting-edge Research & Development (R&D) Offshore Development Center (ODC) in the bustling city of Hyderabad, India. This collaboration promises to catalyze the medical technology landscape in the country while simultaneously propelling Olympus’ innovation efforts on a global scale.

The announcement was made during a pivotal meeting attended by esteemed dignitaries, including 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. Joining virtually from Tokyo, Japan, was Andre Roggan, Chief Innovation Officer at Olympus Corporation, underscoring the global significance of this endeavor.

Harnessing Global Talent for Cutting-Edge Solutions

The establishment of the R&D center will enable Olympus to leverage its global talent pool and extensive resources to drive groundbreaking advancements in medical technology. Hyderabad, with its robust infrastructure and thriving ecosystem, offers an ideal environment for fostering innovation and nurturing the talent essential for Olympus’ expansion efforts.

In addition to the creation of the ODC, Olympus will collaborate with AIG Hospitals, Hyderabad, on joint research projects. This strategic partnership aims to harness the clinical expertise and insights of one of India’s major healthcare institutions, enabling the development of innovative medical solutions that address the evolving needs of patients worldwide.

Strengthening Olympus’ Global Footprint

Since its inception in India with the establishment of Olympus Medical Systems India Private Limited in 2009, the company has witnessed remarkable growth, fueled by the unwavering support of its stakeholders. With these latest initiatives, Olympus not only aims to advance medical technology but also to strengthen its global footprint and enhance its ability to deliver vital healthcare solutions.

“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,” remarked Minister Babu, who is leading a delegation to the United States to attract investments to the state of Telangana.

A Game-Changer for India’s Medical Device Sector

Babu’s enthusiasm is palpable as he envisions the profound impact this partnership will have on India’s medical device sector. “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 affirmed.

The Minister further expressed confidence in Olympus’ ability to contribute significantly to Telangana’s vision of becoming a global hub for medical device innovation and manufacturing. “I welcome Olympus Corporation to our ecosystem,” he declared, extending a warm invitation to the company.

As Olympus prepares for the establishment of an in-house R&D center in India in the coming years, in addition to its existing facilities in Japan, the US, and Europe, the stage is set for a transformative phase in the country’s medical technology landscape. This pioneering partnership not only promises to drive innovation but also to foster a collaborative ecosystem that nurtures talent and propels India’s healthcare sector to new heights.