Tata Elxsi, Narayana Hrudayalaya Form Healthcare Alliance

Tata Elxsi and Bangalore-based Narayana Hrudayalaya have announced the signing of a MoU to mark their strategic alliance to develop affordable, high-quality healthcare solutions. The partnership brings together Tata Elxsi’s technology and design expertise and Narayana Hrudayalaya’s domain knowledge to develop medical devices for the mass market that will reduce the cost of procedures and thus, make healthcare solutions more accessible and affordable for the general public. This is critical in a country like India where majority of the population does not have access to even basic treatment facilities.

While Tata Elxsi, through its industrial design division, IDE, will undertake the entire design and development work of the devices, Narayana Hrudayalaya will provide support for problem identification, domain knowledge and clinical trials. The partnership will develop devices through innovation, value engineering and new technologies, to create effective and economical healthcare tools and techniques, which can be used by doctors in the key areas of healthcare.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market

Madhukar Dev, MD, Tata Elxsi, said, “We are very happy to collaborate with Narayana Hrudayalaya in the area of healthcare devices. While Narayana Hrudayalaya has been pioneering affordable health services in the country, Tata Elxsi’s strength lies in developing innovative devices by internalising the environmental sensibilities of the healthcare industry and creating intuitive solutions that are cost-effective. This partnership will indeed aim at making a substantial difference for both the doctors using the devices and patients, who are paying for the treatment.”