Philips to set up healthcare equipment plant in India

By SiliconIndia   |    3 Comments
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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.

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