Siemens Healthineers, the German medical device manufacturer said that the company plans to invest Rs 1,300 crore (EUR 160 million) over the next five years in an innovation hub in Bengaluru. Currently, the company operates from rented space in Bengaluru and employs around 2400 people at its R&D centre.
Gerd Hoefner, Senior Vice President Development Center and Managing Director, Siemens Healthcare said, “Bengaluru is an ideal location for an innovation hub because of its strong innovation and healthcare ecosystems, coupled with reputed educational institutions. The city offers a large talent pool who embrace digital with an open mindset and readily adapts to new ways of working with new-age technology competences.”
The innovation hub will be housed in a new state-of-the-art campus that will combine the existing R&D centre and an ultra-modern medical imaging factory. To expand its digital capabilities, the company plans to add up to 1,800 digital talents over the next ten years. The investment is part of Siemens Healthineers’ strategy 2025, in which India plays an important role as a growth market, the company said.
When completed in 2025, the first phase of the new campus will include 70,000 square meters of office space for the enlarged R&D center and 5,000 square meters of factory space. To create a modern work environment for the employees and to meet the highest standards in sustainability and energy efficiency, an international architectural competition is planned to bring creativity into the design of the new campus.
“This investment is the largest we have ever made in India. It will play a key role in taking our business to the next level by driving digitalization and expanding our portfolio for emerging markets,” said Elisabeth Staudinger, President Asia Pacific, Siemens Healthineers.
The new campus at Bengaluru is the 4th innovation hubs of the company, with other hubs located in the United States, Germany, and China. The innovation hub at Bengaluru will include centres of competence in digital technologies such as data analytics, artificial intelligence, immersive technologies like augmented and virtual reality, user experience, and cybersecurity.
Explaining the Siemens Healthineers innovation hub concept, Peter Schardt, the company’s Chief Technology Officer, pointed out, “The innovation hub in Bengaluru is an integral part of our global network of innovation that will further accelerate our ability to develop effective solutions quickly and with a strong focus on emerging markets, especially in Asia.”
In recent years Siemens Healthineers has steadily increased its investment in India. Recently, it invested about Rs 2,500 crore (EUR 300 million) in R&D in the country. With about 50 percent of all the software engineers in Siemens Healthineers, the existing R&D centre at Bengaluru plays a strategic role in developing cutting-edge software products and platforms for all three segments of the company – imaging, diagnostics and advanced therapies.
Vivek Kanade, Executive Vice President Zone India, Siemens Healthineers, stated, “Innovative solutions and adaption of digitalization would address current challenges and future needs of the Indian Healthcare industry.”