HYDERABAD, March 26 (Reuters) - Wipro GE Healthcare, a
joint venture of India's Wipro Enterprises and a wholly owned
entity of U.S.-based GE Healthcare ( GEHC ), said it would
invest 80 billion rupees ($960 million) in the country in its
manufacturing and research and development facilities.
Bengaluru-based medical technology company Wipro GE
Healthcare said on Tuesday the investment would be done over the
next five years to boost local manufacturing as it focuses on
growing its footprint in the country in line with the
government's "Make in India" initiative.
As part of the investment, the company will manufacture its
PET CT diagnostic scan devices in India for export to 15
countries, it said.
A PET CT (positron emission tomography and computed
tomography) scan, used in the treatment of illnesses such as
cancer, is a combination of imaging methods to understand the
functioning of the body up to the cellular level.
Wipro GE Healthcare's other high-end medical technology
devices such as its CT scanners and MR breast coils will also be
manufactured in India, the company said in a statement.
"As India envisions to be among the top five global
manufacturing hubs in terms of value and technology for medical
devices in the coming years, we are committed to the national
healthcare agenda," Wipro GE Healthcare Managing Director
Chaitanya Sarawate said.
The company, established in 1990, started a greenfield
manufacturing unit in 2022 in the southern Indian city of
Bengaluru as part of the government's production-linked
incentive scheme.
The scheme is a financial incentive for companies to
encourage local investments and manufacturing.
The company, which has four manufacturing plants in
Bengaluru, also known as India's Silicon Valley, focusing on
export services, said it would continue to invest in India and
expand its global footprint.
($1 = 83.3400 Indian rupees)