Dutch giant Philips has 2,500 engineers working in India and well over 80% of their effort has targeted western markets.About 1,300 of these engineers work in the healthcare segment. There is a new push to develop products in India for India by this company
The R&D center in Bangalore helps in ensuring affordability of products, said Mr A. Krishnakumar, President, Philips Healthcare India.
Philips recently launched its first product developed ‘in India for India’— the ClearVue range of ultrasound products. Over the next few months, Philips will launch a range of products such as colposcopes (to check for cervical cancer), thermo regulators, and cardiology informatics solutions for use in the local market.
What this means:
Consistent with the Amritt framework for Global R&D many western companies are leveraging India based engineers (whether captive or outsourced) to design products and technologies that apply in developed and developing markets. PhilipsHealthcare in the latest to join that trend.
