Medical technology company Siemens Healthineers is planning to invest Rs 1,300 crore over the next five years in an innovation hub in Bengaluru, India.
The investment aims to make India a manufacturing centre for the company’s emerging market products. Siemens Healthineers will set up the innovation hub in a new campus that will combine R&D and manufacturing to make India a centre of competence for the design and development of entry-level products.
Siemens Healthineers, headquartered in Erlangen, Germany, said it plans to hire an additional 1,800 digital tech experts to expand its digital capabilities in the next 10 years.
“This investment will play a key role in taking our business to the next level by driving digitalisation and expanding our portfolio for emerging markets,” Elisabeth Staudinger, president Asia Pacific, Siemens Healthineers, said.
“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.”
The Bengaluru campus will be one of four innovation hubs of the company, with the other hubs located in the US, Germany, and China.
The innovation hub at Bengaluru will include centres of competence in digital technologies such as data analytics, Artificial Intelligence (AI), immersive technologies like augmented and virtual reality, user experience, and cybersecurity.
Siemens Healthineers has invested about Rs 2,500 crore in R&D in India. With about 50 percent of all the software engineers in Siemens Healthineers, the existing R&D centre at Bengaluru plays a strategic role in developing software products and platforms for all three segments of the company — imaging, diagnostics, and advanced therapies.
