India’s HCL Technologies has signed an engineering and R&D services deal with Becton, Dickinson and Company (BD). BD manufactures and sells medical supplies, devices, laboratory equipment and diagnostic products. The New Jersyey based multinational will focus on creating solutions by leveraging HCL’s capabilities and service expertise like sustenance engineering and product – testing services delivered out of a newly set up Chennai facility, HCL Technologies said in a statement.
According to the Times of India, the new facility is part of BD’s efforts to accelerate R&D innovation to develop new products and markets, achieve time-to-market advantage for its products and enhance operational efficiencies. The facility will be directly managed by BD Singapore. HCL will also conduct product life cycle and design verification studies to support new product development initiatives and product launches for BD in the emerging markets such as India.
What this means
The drive to expand R&D capability in Asia continues. Many of my clients are are in the medical device business and BD’s move is no surprise.