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.