Wipro-GE to spend ₹8,000 cr on local manufacturing, R&D
Financial Express Mumbai|March 27, 2024
WIPRO GE HEALTHCARE on Tuesday said it will invest over ₹8,000 crore in India over the next five years to increase local manufacturing and research and development (R&D) initiatives.
SAMEER RANJAN BAKSHI

The company, a global medical technology, pharmaceutical diagnostics and digital solutions provider, said as part of the investment, its 'Made in India' PET CT Discovery IQ scanner will be exported to 15 countries.

Additionally, locally produced Revolution Aspire CT, Revolution ACT and MRbreast coils will be manufactured "in India for the world", the company said in a statement. The strategic investment bolsters the company's local manufacturing footprint to address the growing domestic and international market. It will also build supply chain resiliency for the organisation, it added.

Wipro GE Healthcare chairman Azim Premji said India is riding the resurgent growth in the healthcare industry and rapidly expanding medtech sector.

This story is from the March 27, 2024 edition of Financial Express Mumbai.

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This story is from the March 27, 2024 edition of Financial Express Mumbai.

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