Siemens Healthineers to invest Rs 1,300 crore for innovation hub in Bengaluru
The innovation hub in Bangaluru will demonstrate our commitment to advance healthcare through cutting-edge digital technologies as well as through accessible and affordable innovations driven from India, she added.;
New Delhi: Medical technology major Siemens Healthineers on Tuesday said it plans to invest EUR 160 million (Rs 1,300 crore) over the next 5 years to set up an innovation hub in Bengaluru.
The investment is part of Siemens Healthineers'' Strategy 2025, in which India plays an important role as a growth market for the company, the medical tech firm said in a statement.
"To better serve the needs of the emerging markets, we will invest EUR 160 million over the next 5 years in an innovation hub in Bengaluru in India," Siemens Healthineers Chief Technology Officer Peter Schardt said in a virtual press conference.
The innovation hub will be housed in a new state-of-the-art campus that combines existing research and development (R&D) centre and ultra modern medical imaging factory, he added.
"The innovation hub in Bengaluru is an integral part of our global network of innovation that will further accelerate our ability to develop effective solutions quickly and with a strong focus on emerging markets, especially in Asia," Schardt said.
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