Siemens is locating a center of competence for innovation in digital technologies such as data analytics, artificial intelligence, immersive technologies like augmented and virtual reality, user experience, and cybersecurity in India. The company has Innovation Hubs in the United States, Germany, and China in addition to this one in Bangalore.
The initial $200 million investment will help the company to develop software products and platforms for imaging, diagnostics and advanced therapies. Quoted in the Financial Express, Elisabeth Staudinger, president, Asia Pacific, Siemens Healthineers, said, “This investment is the largest we have ever made in India. The innovation hub in Bengaluru will demonstrate our commitment to advance healthcare through cutting-edge digital technologies as well as through accessible and affordable innovations driven from India.”
The parent company, Siemens, has many businesses in India besides healthcare and has over 20 factories across India. The innovation hub will be housed in a new campus that combines the existing R&D centre and an ultra-modern medical imaging factory. The company plans to add up to 1,800 software engineers to this location by 2030.
In addition, the company plans to make India a manufacturing center for the company’s emerging market products. Today, the Bengaluru factory manufactures Cios Fit C-arms and Somatom.go CT scanners. These entry-level systems are designed, developed and made in India, and are sold in South-East Asia, Africa, Eastern Europe, and South America. Siemens Healthineers plans to expand its product portfolio to address the challenge of affordability that is specific to these markets.
