Siemens Healthineers has announced that its manufacturing facility in India will be expanded. The company has launched a new production line (plant) for computed tomography scanners at its Bengaluru facility in order to accelerate the growth of the medical devices industry in the country. Medical devices have been chosen by the Indian government as a priority area for the flagship ‘Make in India’ programme.
The Department of Pharmaceuticals launched a Production Linked Incentive (PLI) scheme with the goal of boosting domestic manufacturing and attracting major investment in the Medical Device sector. Siemens Healthineers’ new production line in Bengaluru has been approved under the PLI scheme’s Radiology and Imaging Medical Devices segment.
Siemens Healthcare Private Limited, with a committed investment of 91.9 crore for the manufacture of computed tomography and magnetic resonance imaging, is one of the approved applicants for the PLI scheme.
“We strongly believe in India’s growth story. The investor-friendly initiatives of the Government of India will give a fillip to the Indian Medical Device industry and the healthcare sector at large. Commencing operations of the new CT scanners production line is our first step in culminating the vision into a reality. It will go a long way in our quest of improving access to high-quality healthcare for all,” said, Vivek Kanade, Managing Director, Siemens Healthcare Private Limited.
The PLI scheme, which has been bolstered by the Government of India’s (GoI) investor-friendly efforts, has provided the necessary momentum to India’s ambition of becoming a worldwide manufacturing hub for medical devices.
Source: Economic Times