Surgical Instruments Group Holdings (SIGH), a medical devices manufacturing company from the United Kingdom, has announced plans for setting up a manufacturing facility in Hyderabad with a potential investment of ₹231.5 crore in the next two to three years.
The plan is part of SIGH’s global expansion and foray into the Indian market. The company proposes to manufacture several devices presently not manufactured in the country making healthcare more affordable. SIGH managing director Gouri Sridhara and director Amar Chidipothu met Chief Minister A. Revanth Reddy and Industries and IT Minister D. Sridhar Babu in Davos on the sidelines of World Economic Forum meeting and explained their plans.
SIGH would manufacture general surgical instruments, precision instruments used in micro surgeries, orthopaedic power tools, dermatomes and others in the first phase. The company would expand its footprint by entering into the manufacturing of robotic medical devices in the second phase. The Chief Minister assured the SIGH representatives full support from the Government in setting up their facility here.
