Philips to set up healthcare equipment plant in India

By SiliconIndia   |    3 Comments
Printer Print Email Email
New Delhi: Increasing its focus on India as a strong growth market, Philips today said it is setting up a healthcare equipment manufacturing plant in the country for domestic and overseas markets.

Philips said that the proposed unit will integrate two Indian firms acquired by it last year and besides expanding the company's local operations, the plant will make India a major supplier for global markets. For the first time, Philips is setting up a greenfield site for the healthcare segment in India," Philips Electronics India Managing Director and CEO Murali Sivaraman told PTI. The plant is expected to be ready in 18 months.

Sivaraman said Philips will develop the proposed unit as a centre of excellence and use it as base for exporting healthcare products.

SPOTLIGHT
Robyn Denholm is new Tesla
Electric car company Tesla on Thursday announced the appointment of Robyn Denholm, an executive at..
Apple top-selling phone brand in
Moving ahead of its Chinese rivals, Apple became the top-selling phone brand during Chinese e-comm..
ATEN India Showcases its World
ATEN India, the Liaison Office of ATEN International, exhibited it's most promising data center in..
Gartner cites Newgen Software as
Newgen Software, a provider of Business Process Management (BPM), Enterprise Content Management (E..