Olympus Corporation announces strategic initiative to establish R&D offshore development center in Hyderabad

The partnership aims to leverage clinical expertise and insights to drive the development of innovative medical solutions that address the evolving needs of patients worldwide

Olympus Corporation, a MedTech company, 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 meeting between 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.

The meeting also saw the virtual participation of Andre Roggan, Chief Innovation Officer at Olympus Corporation, from Tokyo, Japan. Special Chief Secretary Jayesh Ranjan IAS, 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