"Exciting News! Medtronic is investing an additional approximately INR 3000 cr (more than$350M) to expand the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad, India. This move demonstrates Medtronic's commitment to India and Govt. of Telangana's strong partnership to support our journey of transforming healthcare in India through meaningful innovations.
The investment is part of Medtronic’s overall global R&D-led innovation and growth strategy. With this additional investment, Medtronic aims to further boost its R&D capabilities in India. Over the next five years, the center is anticipated to grow from 800+ employees to close to 1500.
We're excited about the growth of the healthcare technology sector in India, and we're proud to be a part of it."
Man what a slap in the face to all the US-based folks who were affected by layoffs.