India is becoming the factory to the world, especially in high tech products for aerospace, automotive, bio-pharma, electronics and medical devices.
Wipro GE Healthcare is a 35-year-old joint venture between GE HealthCare and India’s Wipro Enterprises. The JV is rolling out a $1 billion investment plan to expand its manufacturing footprint in India and scale up exports. The company aims to produce 70% of its medical devices locally by 2030, a significant jump from the current 45%.
Currently, the company exports to 70 countries, with the U.S. and Europe as major markets. GE Healthcare’s diversified supply chain and portfolio includes ultrasound machines, MRI and CT scanners, anesthesia systems, and patient monitors.
Wipro GE aims operates four manufacturing plants in India’s southern state of Karnataka and is considering a fifth to boost capacity, technical expertise, and R&D. India’s healthcare sector is expanding rapidly due to increased insurance coverage and rising demand for medical technology. The medtech industry is projected to grow at a 20–23% compound annual rate over the next five years (EY estimate).
Last updated: December 26th, 2025
