With an investment of over INR 100 crores, this greenfield facility is one of 15 medical device manufacturers approved under the government’s PLI Scheme towards Atmanirbhar Bharat
Wipro GE Healthcare announced the launch of its new manufacturing facility in Bengaluru, under the Indian government’s Production Linked Incentive (PLI) Scheme. The plant is a 100 per cent subsidiary of Wipro GE Healthcare and has been set up as a greenfield legal entity. The company has invested a little over Rs 100 crore in this facility.
A 35000 sq ft facility, the MDM factory is set up for 24/7 operations for manufacturing CT machines, cath lab equipment, ultrasound scanners, patient monitoring solutions, ECG machines and ventilators. It is equipped with automated testers to assess the performance of medical devices. This facility currently has 35 employees on its shopfloor which is expected to increase to 100 in the next two to three years.
Azim Premji, Chairman, Wipro GE Healthcare and Chairman, Wipro Enterprises, said, “India is on an accelerated growth path in gaining global prominence for medical devices manufacturing. Wipro GE Healthcare’s new factory, with support from the government’s Production Linked Incentive (PLI) Scheme, will aid the health ecosystem in India to realize its true potential in addressing local and global challenges for healthcare providers.”
Commenting on the launch, Dr Shravan Subramanyam, MD, Wipro GE Healthcare, said, “The new facility is a testament to our continued commitment to an Atmanirbhar Bharat and is a step forward in elevating India’s capability as a global manufacturing hub. We applaud the government’s initiatives toward making India self-reliant. The new draft of the National Medical Devices Policy 2022 provides further impetus toward empowering India’s healthcare ecosystem, and we at Wipro GE Healthcare are very optimistic about the future of MedTech in India.”
“We congratulate Wipro GE Healthcare for its contribution towards boosting local manufacturing and generating employment in the local communities. Through our Karnataka Digital Economy Mission, we will provide continued support to the company’s efforts towards augmenting the ESDM sector and providing a fillip to the region’s digital economy,” said CN Ashwath Narayan, Minister of Information Technology – Biotechnology, Higher Education, Science and Technology of Karnataka in his virtual address.
