Philips India in order to expand its manufacturing facilities has plans to invest around Rs 300 crore and hire around 1,000 people as part of that initiative, a top company official said.
As a part of Make-in-India initiative, the company is expanding its manufacturing facility at Chakan near Pune. Philips, celebrating its 90th anniversary in India, has already started to ship out its Affiniti range of ultrasound machines from there and has also planned to roll out magnetic resonance imaging (MRI) components from the expanded facility.
The company has started manufacturing of MRI consoles, Magnetic Resonance Imaging etc. It is also exporting MRI components to various markets.
“We are talking about an investment of Rs 250-300 crore and also we are talking about a thousand new employees that we are hiring. They are very sophisticated engineers, with different types of skills that we are looking at hiring,” said Daniel Mazon, Philips Indian Subcontinent Vice-Chairman & Managing Director
Make in India is a “strategic initiative for Philips”, which is becoming stronger from this investment in the expansion of the manufacturing capacity.
“We are dealing with the short term challenges that we have, but we believe in the long term also. We are making significant investments,” Mazon added.
On being asked about the time frame, he said this is going to take two to three years.
Sharing more details, Mazon said that ultrasound machines would be for the domestic market only. “Ultrasound machines - we will not be exporting. We are making them in India for India right now. We are exporting MRI components to the world," he said.
The company is working with the local industry and is developing an ecosystem for that.
Besides Chakan, Philips will also expand its operation at Bengaluru, where it is setting up a new campus, which will be ready in the next three years.
“But also at the same time we have big plans for the future and that is not just in the Chakan factory in Pune. The same thing we are doing in our Bengaluru facility. We have our digital footprint over there,” Mazon said.
"The new campus that we are building near the airport in Bengaluru and which we will be inaugurating by 2023 will be able to house 5,000 employees," he added.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.