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Philips expands innovation footprint in India with a new R&D center in Pune

Press releases may be edited for formatting or style | April 16, 2024 Business Affairs

'Philips Healthcare Innovation Centre is at the forefront of understanding and responding to some of the outstanding healthcare challenges both in India and in global geographies. With the launch of this new centre, we will be able to design more innovative end-to-end solutions and collaborate better with healthcare providers as we look to meet our common goal of attaining better health outcomes' said Peeyush Kaushik, Vice President and Head of Healthcare Innovation Center, Pune.

Established in 2011, Philips Healthcare Innovation Centre (HIC), Pune, is focused on multi-modality healthcare R&D and smart manufacturing, complete product development incorporating customer feedback to commercialization, and operational excellence. It is committed to developing an innovation ecosystem and providing a competitive cost advantage in developing global products while aligning to the Indian government's Make in India initiative. With a reach expanding across 140 countries, Philips HIC plays a key role in Philips' strategy.

Earlier in November 2023, Philips India inaugurated its new innovation campus in Yelahanka, Bengaluru. Accommodating over 5,000 professionals in a 650,000 sq. ft. facility, the new campus will focus on innovative health technologies aimed at improving patient experiences, achieving better health outcomes, improving staff experiences, and lowering the cost of care. Please find here more information on this announcement: Philips launches new innovation campus in Yelahanka, Bengaluru.


About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being through meaningful innovation. Philips' patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2023 sales of EUR 18.2 billion and employs approximately 69,700 employees with sales and services in more than 100 countries.

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