New Delhi, HCL Technologies and global medtech company Olympus Corporation on Wednesday said they have expanded their strategic partnership to enable advanced and affordable healthcare for patients through engineering technologies.

According to a release, HCLTech will set up a dedicated product innovation center in Hyderabad to service Olympus' operations in the US, Europe, Middle East and Africa.

The center is expected to begin operations by July 2024 and will fuel Olympus' business expansion plans and advance advances in medical technology.

The latest announcement builds on the strength of the decade-long partnership between the two parties in core engineering and R&D services.

HCLTech will leverage its global leadership in artificial intelligence (AI) based solutions as well as engineering and R&D services to provide speed and scale to Olympus' global product development journey.

"HCLTech and Olympus share a decade-long partnership in core engineering and R&D spanning product engineering, software engineering, product sustainment, risk and regulatory services," the release said.

HCLTech serves Olympus from its global distribution centers in India and Vietnam.

Andre Rogan, Chief Technology Officer of Olympus, said, "I am confident that our collaboration will enhance Olympus' engineering capabilities and unlock new innovations that will enable quality health care through technology."

Hari Sadarhalli, HCLTech's corporate vice president and head of engineering and R&D services, said the company looks forward to deepening the collaboration with Olympus "adding tangible value to their new product development and growth with our expertise in medtech product engineering. "