Tuesday, May 24, 2022

Siemens Healthineers to invest Rs 1,300 crore in India

By Telangana Today

Published: Published Date - 01:17 PM, Tue - 20 October 20

The investment is part of the company’s Strategy 2025, in which India plays an important role as a growth market The investment is part of the company’s Strategy 2025, in which India plays an important role as a growth market

Hyderabad: Siemens Healthineers is planning to invest Rs 1,300 crore (EUR 160 million) over the next five years in an innovation hub in Bengaluru, India. The innovation hub will be housed in a campus that combines the existing R&D centre and a medical imaging factory.

To expand its digital capabilities, the company plans to add up to 1,800 digital professionals in the next ten years. The investment is part of Siemens Healthineers’ strategy 2025, in which India plays an important role as a growth market for the company.

“This investment is the largest we have ever made in India. It will play a key role in taking our business to the next level by driving digitalisation and expanding our portfolio for emerging markets. The innovation hub in Bengaluru will demonstrate our commitment to advance healthcare through cutting-edge digital technologies as well as through accessible and affordable innovations driven from India,” said Elisabeth Staudinger, president, Asia Pacific, Siemens Healthineers.

The Bengaluru campus will be one of four innovation hubs of the company, with other hubs located in the United States, Germany, and China. The innovation hub at Bengaluru will include centres of competence in digital technologies such as data analytics, artificial intelligence, immersive technologies like augmented and virtual reality, user experience, and cybersecurity.

So far, Siemens Healthineers has invested about Rs 2,500 crore (EUR 300 million) in R&D in the country, said, Gerd Hoefner, managing director, Siemens Healthcare.

The fresh investment aims to make India a manufacturing centre for the company’s emerging market products. The company designs, develops and exports systems to markets such as South-East Asia, Africa, Eastern Europe, and South America. Siemens Healthineers plans to expand its product portfolio to address the challenge of affordability that is specific to these markets.

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