Medtronic Geoff Martha Hyderabad India R&D center
Medtronic CEO Geoff Martha over videoconferencing helps inaugurate the MEIC with (left to right) Divya Prakash Joshi, senior director and site leader of MEIC; Shri KT Rama Rao, minister for Municipal Administration & Urban Development, Industries & Commerce, and Information Technology for the Indian state of Telangana; Shri Jayesh Ranjan, principal secretary, Industries & Commerce and IT; Shri Shakthi Nagappan, director of Life Sciences & Pharma, Telangana; and Madan Krishnan, VP and managing director of India Medtronic. [Image courtesy of Medtronic]

Medtronic (NYSE:MDT) today announced the inauguration of its newly expanded 150,000 ft2 Medtronic Engineering and Innovation Center (MEIC) in Hyderabad, India.

The Fridley, Minn.–based medical device giant is spending $160 million over five years to turn Hyderabad into its largest R&D center outside the U.S. Medtronic expects the number of employees at the facility to reach 1,000.

Given the market size and availability of high-class talent pool, India is transforming into a global R&D hub,” Medtronic CEO Geoff Martha said in a news release. “With MEIC we aim to tap the talent to continue to innovate for India and beyond.