Royal Philips, a health tech innovation company, has expanded its presence in India by inaugurating a new R&D centre at its Healthcare Innovation Centre (HIC) Facility in Pune, Maharashtra on Monday, April 15.
The new plant situated in a 10-acre plot in MIDC, Chinchwad is in line with India’s growing importance for healthcare innovation around the globe. To be operational in two years the upcoming facility in the first phase will house 1900 employees having an office space of approximately 300,000 sq. ft.
It will house the R&D teams from the company’s Image Guided Therapy, Monitoring, Sleep Respiratory and Precision Diagnosis businesses. By consolidating these diverse teams into a single centre, Philips aims to optimise scale, speed, and efficiency, fostering resource sharing and best practice collaboration across business units.
Working on innovative health technologies, the company claims that the new centre will contribute to improving the lives of 2.5 billion people a year by 2030.
The centre will also be a hub to practise sustainability, as It will feature Green Power solutions, provisions for electric vehicle (EV) charging, and promote bicycle commuting among its workforce.
In presence the company runs multiple centers across the country like the Healthcare Innovation Centre in Pune, the Innovation Campus in Bengaluru, the Global Business Services in Chennai, and its commercial headquarters in Gurgaon.
Together with these Philips healthcare facilities in India, the company aims to meet its healthcare goals by strengthening its presence in the country’s medical devices industry.
Established in 2011, Philips Healthcare Innovation Centre (HIC), Pune, specialises in multi-modality healthcare R&D and smart manufacturing, with the lifecycle of entire product development through feedback. This latest expansion comes after the inauguration of Philips India’s new innovation campus in Yelahanka, Bengaluru, in November 2023.