Investment strengthens the company’s technology innovation and brings hundreds of jobs to local community
Hyderabad, September 10, 2024: Zoetis Inc. (NYSE:ZTS) the world’s leading animal health company, today announced a significant expansion of its India Capability Center in Hyderabad. This move marks a pivotal step in advancing global animal healthcare through cutting-edge technology.
The ribbon-cutting ceremony, attended by Hon’ble Minister for IT, E&C, Industries & Commerce and Legislative Affairs, Govt of Telangana, showcased Zoetis’ commitment to fostering innovation in animal health and contributing to India’s burgeoning veterinary sector. The expanded center is set to create several hundred new high-skilled jobs by the end of 2025.
Sri D. Sridhar Babu, Minister for IT, E&C, Industries & Commerce and Legislative Affairs, Govt of Telangana, said, “I am delighted to inaugurate the Zoetis India Capability Center’s brand-new office in Hyderabad. This expansion of Zoetis, the world’s largest animal health company, is a testament to Telangana’s emergence as a hub for specialized life sciences and technology talent. This investment not only creates jobs but also positions our state at the forefront of the global healthcare revolution and as the destination for One-Health. I am excited to see how they will leverage our local expertise to drive worldwide innovations in veterinary care and we will offer all support to them to grow from this dynamic city.”
Keith Sarbaugh, Chief Information Officer at Zoetis, said, “This expansion is a cornerstone of our global strategy to harness technology for better animal health outcomes. By tapping into India’s world-class tech and digital talent and vibrant start-up ecosystem, we’re accelerating our ability to deliver breakthrough solutions for veterinarians, pet owners, and livestock farmers across the globe. Hyderabad will play a crucial role in driving our digital transformation and cementing our position as the tech leader in animal health
Zoetis leadership and Hon’ble Minister for IT, E&C, Industries & Commerce and Legislative Affairs, Govt of Telangana cut the ribbon at the newly expanded Zoetis India Capability Center in Hyderabad. This expansion creates hundreds of new jobs in the local community to support technology innovation and reaffirms the company’s commitment to Hyderabad
As the premier global Capability Center dedicated to animal health in India, the facility underscores Zoetis’ industry leadership and its recognition of India’s critical role in the global veterinary landscape. The global animal health market is projected to grow at a rate of 4-6% in the next five to ten years. This growth is driven by increasing pet ownership, growing medicalization of companion animals, and rising global demand for animal protein.
As the leader in animal health, Zoetis has invested more in research and development than any other company in the animal health industry and has consistently increased its R&D investment over the last several years, reaching $613 million in 2023. This investment fuels the company’s focus on science-driven innovation that has led to the creation and growth of new markets to address unmet medical needs.
Anil Raghav, Vice President and Head of Zoetis India Capability Center, added, “Our Hyderabad center is poised to become a global powerhouse for veterinary technology innovation. We’re not just expanding our physical presence; we’re creating a nexus where India’s top tech talent will directly impact the future of animal health worldwide. From AI-driven diagnostic tools to industry-leading digital solutions for veterinarians and pet owners, the technology developed here will allow Zoetis to advance its vision to shape the future of animal care globally.”
About Zoetis
As the world’s leading animal health company, Zoetis is driven by a singular purpose: to nurture our world and humankind by advancing care for animals. After innovating ways to predict, prevent, detect, and treat animal illness for more than 70 years, Zoetis continues to stand by those raising and caring for animals worldwide – from veterinarians and pet owners to livestock farmers and ranchers. The company’s leading portfolio and pipeline of medicines, vaccines, diagnostics and technologies make a difference in over 100 countries. A Fortune 500 company, Zoetis generated revenue of $8.5 billion in 2023 with approximately 14,100 employees. For more information, visit www.zoetis.com.
