Surgical Instruments Group Holdings Announces Investment of Rs. 231.5 crore in Telangana to Setup Healthcare Devices Manufacturing Facility
DAVOS, January 18, 2024
Mr. Gouri Sridhara, Managing Director and Mr. Amar Chidipothu, Director of Surgical Instruments Group Holdings (SIGH), a leading medical devices manufacturing company from UK, met the Hon’ble Chief Minister and Minister of Industries & IT Minister in Davos.
As part of their global expansion and entry into Indian market, SIGH announced its plan to set up a manufacturing facility in Hyderabad with a potential investment of INR 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.
Hon’ble 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 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, Heinz Waldrik among others, acting as a consolidator for prestigious UK brands within the healthcare industry.
