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Philips to invest in India

Dutch electronics manufacturer Philips is said to establish a healthcare equipment manufacturing facility in India.

November 30 2009, 10:04 AM
Local media reports that Philips plans to integrate two Indian firms - which it acquired in 2008 - into the new unit which is to focus on the demoestic and oversees markets. "For the first time, Philips is setting up a greenfield site for the healthcare segment in India", Philips Electronics India Managing Director and CEO Murali Sivaraman told PTI.

The Centre of Excellence is scheduled to be operational by mid-2011.Phil

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