 "medtech, medical technology, healthcare, medical")
Several multinational medical device makers are focusing on deepening their presence in India by expanding their local manufacturing footprint and research capabilities, a move that can catapult India into a strategic hub for the medical technology industry.
Among those increasing their reach in the country are Siemens Healthineers and Philips, signalling a broader shift from India being only a sales destination to becoming a global production and innovation base.
Siemens Healthineers, one of the approved applicants under the Indian government’s production-linked incentive (PLI) scheme for medical devices, is investing ₹91.9 crore to locally manufacture computed tomography (CT) and magnetic resonance
