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Medtronic Launches Global IT Center in Hyd with $60 Mn Investment to Expand Operations

Written by : Jayati Dubey

July 11, 2024

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Source: X (Twitter)

The GIT will concentrate on advanced technologies such as cloud engineering, data platforms, digital health applications, hyper-automation, and AI/ML.

Medtronic has invested $60 million to establish a new Global IT Center (GIT) in Hyderabad, expanding its Medtronic Engineering & Innovation Centre (MEIC) in the city.

This new facility marks Medtronic's first large-scale IT setup outside the US and is expected to create around 300 jobs over the next three to five years.

The new facility was inaugurated by Jennifer Larson, the US consul general in Hyderabad, and D Sridhar Babu, the Telangana IT and Industries minister.

During the inauguration, Babu highlighted that Medtronic's increased investment in the state underscores the vibrant ecosystem fostered by the government's progressive policies.

"This is a glowing testament to the government's progressive policies. We remain committed to the growth of the medical technologies sector, and we will extend every support from the government," Babu added.

Since 2020, Medtronic has invested approximately $500 million in the MEIC in Hyderabad. The latest $60 million investment in the GIT will bolster Medtronic's global IT capabilities.

Rashmi Kumar, senior VP and CIO of Medtronic revealed that 60 employees have already been hired for the GIT, which spans 65,000 square feet and includes automation labs and other infrastructure.

"India offers one of the best talent pools for IT. We look forward to leveraging the skillset to support the growth of healthcare technology and positively impact patient lives," stated Kumar.

According to Divya Joshi, VP, and MEIC site leader, the GIT will be integrated within the MEIC, which has expanded to five floors and a footprint of over 300,000 sq ft, which is projected to increase to 350,000 sq ft by December 2024.

Focus on Advanced Technologies

The GIT will concentrate on advanced technologies such as cloud engineering, data platforms, digital health applications, hyper-automation, and AI/ML.

The company seeks talent in areas including cloud and devOps, advanced analytics and visualization, integration and middleware, full stack engineering, robotic process automation, process and agile program management, process excellence and business analysis, and IT security and compliance.

"Through these competencies, the new GIT center will boost productivity, manage risks, and drive growth in healthcare technology," explained Kumar.

MEIC's Growth & Contributions

MEIC, which initially saw an investment of $160 million in August 2020 and an additional $350 million in May 2023, currently employs around 1,200 engineers working in R&D functions.

The establishment of the GIT will further support innovations and enhance Medtronic's global IT capabilities, enabling it to deliver advanced tech-driven healthcare solutions.

"This new center will be pivotal in supporting innovations, enhancing our global IT capabilities, and delivering top-notch tech-driven healthcare solutions," concluded Joshi.


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