Siemens Healthineers has reported plans to invest INR 1,300 crore (EUR 160 million) over the next five years in an innovation hub in Bengaluru, India.
To expand its digital capabilities, the company plans to add up to 1,800 digital talents in the next ten years.
“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. 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,” said Elisabeth Staudinger, President Asia Pacific, Siemens Healthineers.
Explaining the Siemens Healthineers innovation hub concept, Peter Schardt, the company’s Chief Technology Officer, pointed out that “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. The Bengaluru innovation hub will assume increased responsibility for customer-centric solutions to serve such markets even better. Special focus is on solutions for the digitalization of healthcare, which is the foundation for value-based and patient-centered medicine within the region and across the globe.”
Gerd Hoefner, Senior Vice President Development Center and Managing Director Siemens Healthcare Pvt. Ltd., added, “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.”
Vivek Kanade, Executive Vice President Zone India, Siemens Healthineers, stated, “Closely integrating product development and clinical value creation at the new Bengaluru campus will significantly increase our ability to add more value to our customers. Innovative solutions and adaption of digitalization would address current challenges and future needs of the Indian Healthcare industry.”
The innovation hub at Bengaluru will include centers of competence in digital technologies such as data analytics, artificial intelligence, and immersive technologies like augmented and virtual reality, user experience, and cyber security.