17 April 2024
Royal Philips, a global leader in health technology, has commenced the ground-breaking ceremony for a state-of-the-art Research and Development (R&D) center in Pune, Maharashtra, showcasing India’s burgeoning significance in healthcare innovation worldwide. Situated across a sprawling 10-acre plot in MIDC, Chinchwad, the forthcoming facility, in its initial phase, will encompass an office space of approximately 300,000 sq. ft and is slated to accommodate 1900 employees.
The new center, set to be operational within two years, will house R&D teams from Philips’ Image Guided Therapy, Precision Diagnosis, Monitoring, Sleep & Respiratory businesses. By consolidating all teams under one roof, Philips aims to optimize scalability, velocity, and efficiency while fostering resource and best practice sharing across diverse business units. With a focus on pioneering health technologies, the upcoming center will significantly contribute to Philips’ global mission of enhancing the lives of 2.5 billion individuals annually by 2030.
Royal Philips, a global leader in health technology, has commenced the ground-breaking ceremony for a state-of-the-art Research and Development (R&D) center in Pune, Maharashtra, showcasing India’s burgeoning significance in healthcare innovation worldwide. Situated across a sprawling 10-acre plot in MIDC, Chinchwad, the forthcoming facility, in its initial phase, will encompass an office space of approximately 300,000 sq. ft and is slated to accommodate 1900 employees.
The new center, set to be operational within two years, will house R&D teams from Philips’ Image Guided Therapy, Precision Diagnosis, Monitoring, Sleep & Respiratory businesses. By consolidating all teams under one roof, Philips aims to optimize scalability, velocity, and efficiency while fostering resource and best practice sharing across diverse business units. With a focus on pioneering health technologies, the upcoming center will significantly contribute to Philips’ global mission of enhancing the lives of 2.5 billion individuals annually by 2030.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.