Olympus Corp to establish R&D Offshore Development Center in Hyderabad

Jammu Tawi: In a landmark move set to bolster the medical technology  landscape in India, Olympus Corporation, a global MedTech leader, has announced its strategic initiative to establish a Research & Development (R&D) Offshore Development Center (ODC) in Hyderabad. This decision follows a strategic agreement with HCL Tech, aimed at expanding Olympus' innovation generation activities globally.The announcement was made during a high-profile meeting between 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 USA.Given the significance of the investment, the meeting also saw the virtual participation of Mr. Andre Roggan, Chief Innovation Officer at Olympus Corporation, joining from Tokyo, Japan. Special Chief Secretary Jayesh Ranjan Consul General of India in New York Binaya Srikanta Pradhan and other senior state officials were also present as a part of the visiting delegation.Minister Sridhar Babu is leading a delegation in the United States of America to attract ing investments to the state of Telangana. The government of Telangana had earlier hosted senior leadership of Olympus Corporation during BioAsia 2024.Minister Babu expressed his enthusiasm, stating, “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.”