Bangalore, October 21 2020: Germany-headquartered medical technology company, Siemens Healthineers, has announced plans to invest Rs 1,300 crore (EUR 160 million) over the next five years in an innovation hub in Bangalore, India.
The innovation hub will be housed in a new state-of-the-art campus that combines the existing R&D center and an ultra-modern medical imaging factory. To expand its digital capabilities, the company plans to add up to 1,800 digital talents in the next ten years. The investment is part of Siemens Healthineers’ strategy 2025, in which India plays an important role as a growth market for the company.
Said Elisabeth Staudinger, President Asia Pacific, Siemens Healthineers: “This investment is the largest we have ever made in India. It will play a key role in taking our business to the next level by driving digitalization and expanding our portfolio for emerging markets. The innovation hub in Bangalore will demonstrate our commitment to advance healthcare through cutting-edge digital technologies as well as through accessible and affordable innovations driven from India.”
The Bangalore campus will be one of four innovation hubs of the company, with other hubs located in the United States, Germany, and China. The innovation hub at Bangalore will include centers of competence in digital technologies such as data analytics, artificial intelligence, immersive technologies like augmented and virtual reality, user experience, and cybersecurity.
Added Peter Schardt, the company’s Chief Technology Officer”: “The innovation hub in Bangalore 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. The Bangalore innovation hub will assume increased responsibility for customer centric solutions to serve such markets even better. Special focus is on solutions for the digitalization of healthcare, which is the foundation for value-based and patient-centered medicine within the region and across the globe.”
Siemens Healthineers has already invested about Rs 2,500 crore (EUR 300 million) in R&D in the country. With about 50 percent of all the software engineers in Siemens Healthineers, the existing R&D center at Bangalore plays a strategic role in developing cutting-edge software products and platforms for all three segments of the company – Imaging, Diagnostics, and Advanced Therapies. Only a few months ago, Siemens Healthineers was recognized as one of the top 5 of India’s Best Workplaces in Healthcare 2020 and certified as a Great Place to Work by the globally active research and consulting institute Great Place to Work