Royal Philips, a Netherlands-based company, launched its Healthcare Innovation Center in Pune, in the western state of Maharashtra – the first-of-its-kind in an emerging market. In an interview with Business Standard, Sameer Garde, president, South Asia, Philips Healthcare, said, “At present we are focused on diagnostic, therapy, treatment, post therapy,...
FDI into India rose 63% in February, Year over Year
The Hindu Business Line reports that according to data from the Department of Industrial Policy and Promotion, foreign direct investment in India jumped 63 percent to $3.28 billion in February, 2015. In February last year, the country had received FDI of $2.01 billion. In the 11-month period from April 2014...