Surgical Instruments to invest Rs 231 cr in TS
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Hyderabad: United Kingdom-based medical devices maker Surgical Instruments Group Holdings (SIGH), on Thursday announced its plan to set up a manufacturing facility in Hyderabad with an investment of Rs 231.5 crore over the next two-three years.
The UK company made this announcement after Gouri Sridhara, its Managing Director and Amar Chidipothu, its Director, met Telangana Chief Minister Anumula Revanth Reddy in Davos on Thursday, the third day of the World Economic Forum’s annual meeting. Chief Minister assured the delegation of full support from the State government.
This investment from SIGH is a part of its global expansion and plans for the Indian foray. In India, it will manufacture several medical devices which are currently not made in India and will be a step towards affordable healthcare.
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, the company will expand to 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. Headquartered in Milton Keynes with dedicated manufacturing facilities in Turkey and Germany, SIGH, over the years, acquired 11 companies including popular brands such as Osborn & Simmons, Valeplan, Decon sciences, Heinz Waldrik, among others.
