DigitalCIO
No Result
View All Result
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
DigitalCIO
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
No Result
View All Result
Digitalcio
No Result
View All Result
Home Archive

Philips to invest Rs 300 crore in India manufacturing, R&D

DigitalCIO Bureau by DigitalCIO Bureau
May 14, 2020
in Archive
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Source: ET Bureau

“Even as we work through the current crisis, we are focused on the future and are investing towards it,” Daniel Mazon, vice chairman and managing director for Indian subcontinent at Philips India, told ET.

Dutch healthtech and consumer electronics company Philips said it will invest Rs 250-300 crore to boost its manufacturing and R&D facilities in India. The company also intends to hire 1,000 people over the next two to three years, adding to its existing workforce of over 6,000 people.

“Even as we work through the current crisis, we are focused on the future and are investing towards it,” Daniel Mazon, vice chairman and managing director for Indian subcontinent at Philips India, told ET.

He said the company will expand its factory near Pune by 7,200 sq ft to start manufacturing magnetic resonance imaging (MRI) and x-ray equipment. Philips is also building a new 650,000 sq ft campus in Bengaluru that can house over 5,000 people. It will be ready by 2023.

The company also sees demand increasing for its connected care solutions amid the Covid-19 pandemic and will work towards more public-private-partnerships (PPP) in this space.

“We currently have about 100 PPPs in India in radiology and cardiology and would like to add more in connected care,” said Mazon. The aim is to ramp this up to 200 such partnerships over the next year or so. “We will combine IT and hardware to create a very strong solution in connected healthcare,” Mazon said, adding that this also ties in with the ‘Make in India’ initiative.

The connected care solutions will combine hardware like monitors and ventilators to patient monitoring and access systems to provide better healthcare outcomes. This will also help hospitals in smaller towns connect to a speciality hospital in a larger city. The company is talking to various state governments to start implementing this, especially as healthcare will start shifting to a more remote model as a result of this pandemic.

Philips has been using its Healthcare Innovation Centre in Pune as a hub to export to several countries across the world, and Mazon said the company will look at exporting the new product lines out of India as well. The HIC focuses on end-to-end product development and manufacturing for key product lines like ultrasound machines and mobile surgery units.

Share30Tweet19
DigitalCIO Bureau

DigitalCIO Bureau

Recommended For You

Pax8 Introduces Era of Managed Intelligence

by DigitalCIO Bureau
June 19, 2025
0
Pax8 Introduces Era of Managed Intelligence

Pax8 has released its inaugural research report, The Agentic Inflection Point: And the Rise of the Managed Intelligence Provider. The comprehensive study defines the future of small-to-midsized business (SMB) operations, transformed...

Read moreDetails

Barracuda Unveils AI-Powered Cybersecurity Platform BarracudaONE in India

by DigitalCIO Bureau
June 3, 2025
0

Barracuda Networks has unveiled the BarracudaONE AI-powered cybersecurity platform. BarracudaONE maximizes threat protection and cyber resilience by unifying layered security defenses and providing deep, intelligent threat detection and response for...

Read moreDetails

Check Point Acquires Veriti To Minimize Digital Vulnerabilities

by DigitalCIO Bureau
May 28, 2025
0
Check Point Acquires Veriti To Minimize Digital Vulnerabilities

Check Point Software Technologies has announced a definitive agreement to acquire Veriti Cybersecurity, the first fully automated, multi-vendor pre-emptive threat exposure and mitigation platform. “The acquisition of Veriti...

Read moreDetails

Vats Srivatsan named Interim CEO of WatchGuard Technologies

by DigitalCIO Bureau
May 8, 2025
0
Vats Srivatsan named Interim CEO of WatchGuard Technologies

WatchGuard Technologies Chief Executive Officer (CEO) Prakash Panjwani will transition out of his operational role, continuing to serve on the Board of Directors and as a strategic advisor...

Read moreDetails

Google 2024 Ads Safety Report: AI plays key role in safer advertising ecosystem

by DigitalCIO Bureau
April 19, 2025
0
Google 2024 Ads Safety Report: AI plays key role in safer advertising ecosystem

Google has released its 2024 Ads Safety Report, demonstrating how it is using advanced AI technology to create a safe and responsible advertising ecosystem. A notable finding from...

Read moreDetails
Next Post

Freelance jobs rise as firms get used to WFH

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

FutureCalls Technology Launches Innovative Software Solution iSPARK

March 10, 2020

AI can help doctors, governments fight Covid-19 pandemic

May 27, 2020

Freelance jobs rise as firms get used to WFH

May 16, 2020

Browse by Category

  • Acquisition
  • Appointment
  • Archive
  • Artificial Intelligence
  • CIO Interviews
  • Cloud
  • Datacenter
  • Events and Conferences
  • Market Insights
  • News
  • Opinion and Analysis
  • Products
  • Resources
  • Security
  • Storage
  • Tech News
  • Telecom
Digitalcio

Welcome to DigitalCIO, your ultimate source for staying ahead in the ever-evolving world of technology and business.

BROWSE BY TAG

Acquisition AI Appointment artificial intelligence Artificial Intelligence and Machine Learning AWS Big Data and Analytics Blockchain CISCO Cloud Computing Cloudflare Commvault CrowdStrike Cybersecurity Dell Technologies Digital Transformation Dynatrace E-books Fortinet Gartner GenAI Generative AI Google Cloud HCLTech Honeywell IBM Infographics Internet of Things (IoT) Kaspersky Microsoft Netskope NTT DATA Palo Alto Networks Panel Discussion Qlik Salesforce ServiceNow Sophos Tenable Veeam Veeam Software Vertiv Webinars Whitepaper Zscaler

CATEGORIES

  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
  • Archive

NAVIGATION

  • Home
  • About Us
  • Advertise with Us
  • Contact Us

© 2024 digitalcio.in - All rights reserved.

No Result
View All Result
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources

© 2024 digitalcio.in - All rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?