Hyderabad:Â Gouri Sridhara, Managing Director and Amar Chidipothu, Director of Surgical Instruments Group Holdings (SIGH), a leading medical devices manufacturing company from the UK, met Chief Minister A Revanth Reddy and Industries Minister D Sridhar Babu in Davos.
As part of its global expansion and entry into the Indian market, SIGH announced its plan to set up a manufacturing facility in Hyderabad with a potential investment of Rs 231.5 crore over the next 2-3 years. This will include the manufacturing of several devices which are currently not manufactured in India and will be a step towards affordable healthcare.
The Chief Minister assured the delegation of full support from the state government.
In Phase 1, SIGH will manufacture general surgical instruments, precision surgical instruments used in micro-surgeries, orthopaedic power tools, dermatomes used in maxo surgery, ophthalmic instruments and minimal invasive surgery.
In Phase 2, they will expand to the manufacturing of robotic medical devices.
SIGH is a well-established company, supplying to NHS, Ministry of Defence (Army) and private hospitals in the United Kingdom.They are headquartered in Milton Keynes with dedicated manufacturing facilities in Turkey and Germany. Over the years SIGH acquired 11 companies including popular brands such as Osborn & Simmons, Valeplan, Decon Sciences, and Heinz Waldrik among others, acting as a consolidator for prestigious UK brands within the healthcare industry. (INN)