World Economic Forum: SIGH Announces Investment of INR 231.5 Crores in Telangana

Hyderabad: Surgical Instruments Group Holdings (SIGH), a leading medical devices manufacturing company from the United Kingdom will invest 231.5 crore in Telangana for healthcare devices manufacturing facility.

SIGH Managing Director Gouri Sridhara and Director Amar Chidipothu on Thursday met Chief Minister A Revanth Reddy and Minister of Industries & IT D Sridhar Babu in Davos in connection with the World Economic Forum (WEF) meet.

As part of their 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 currently not produced in India, marking a significant step towards affordable healthcare, a release from the Chief Minister’s Office here said.

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 maxillofacial surgery, ophthalmic instruments, and minimally invasive surgery.

In Phase 2, they will expand to manufacturing robotic medical devices.

SIGH is a well-established company, supplying to the 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 has 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.