Siemens Healthineers To Invest Rs 1,300 Crore For Building New Innovation Hub
German-based medical technology company Siemens Healthineers has planned to make an investment of Rs 1,300 crore to set up an innovation hub in Bengaluru, Karnataka. The hub would be set up in the next 5 years. This would be the largest investment by the German firm in India and the innovation hub would be its 4th after the US, Germany, and China. The project is a part of Siemens’ 2025 strategy and will include an addition of 1,800 digital talents in 10 years.Â
The hub would focus on areas like diagnostic automation, artificial intelligence, cybersecurity, and immersive technologies, among others. Phase-I of the new campus will include 70,000 sq mtr of office space for the enlarged R&D center and 5,000 sq mtr of factory space. The firm has to date invested about Rs 3,000 crore in research and development (R&D) in India.