Tata Elxsi ties up with Narayana Hrudayalaya

BANGALORE: Tata Elxsi Ltd and Narayana Hrudayalaya today 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 drastically reduce the cost of procedures and thus make healthcare solutions more accessible and affordable for general public, said a press release

While Tata Elxsi, through its industrial design division, IDE, would 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 would develop devices through innovation, value engineering and new technologies, to create simple, effective and economical healthcare tools and techniques which can be used by doctors in the key areas of healthcare. Tata Elxsi’s experience in working on devices for India and emerging markets would further ensure that these objectives are judiciously met.

Madhukar Dev, MD, Tata Elxsi, “We are very happy to collaborate with Narayana Hrudayalaya in the area of healthcare devices. While Narayana Hrudayalaya has been pioneering affordable and innovative health services in the country, Tata Elxsi’s strength lies in developing innovative devices by internalizing the environmental sensibilities of the healthcare industry and creating intuitive solutions that are both cost-effective and robust.”

He added that this partnership would indeed aim at making a substantial difference for both the doctors using the devices and patients who are paying for the treatment.

“At Narayana Hrudayalaya, we believe the need of the hour is to create a viable platform for health care providers like us to share, learn, understand and extend the services to the needy. We are therefore always looking at new avenues to make this available and we feel this partnership with Tata Elxsi which has the experience and knowhow having worked on such projects before, will be a step in that direction,”, Dr. Devi Shetty, MD and Chairman, Narayana Hrudayalaya said.

He added that they could therefore leverage each other’s expertise and knowledge to work towards a common goal of quicker and better healthcare solutions for people, not just in India but around the world.