Surgical Instruments Group Holdings (SIGH), a leading medical device manufacturer based in the UK, has come forward to set up its manufacturing unit in Hyderabad.
It has decided to manufacture many surgical devices here which have not been manufactured in the country so far. It has announced that it will invest Rs.231.5 crore in the next two to three years. The company is entering the Indian market as part of its global expansion plan. With the establishment of this facility, Telangana will take another step forward in the health care sector.
SIGH MD Gauri Sridhara and Director Amar Cheedipothu met with Chief Minister A. Revanth Reddy and Industries Minister Sridhar Babu who are on a visit to Davos. The Chief Minister assured them of full support from the state government. The state government has expressed its readiness to provide basic facilities in all sectors required for setting up a manufacturing unit. With this, SIGH has announced that it will invest heavily in Telangana. š
