India to be manufacturing hub for Siemens medical technology
21-Dec-14, The Economic Times
German conglomerate Siemens is looking at expansion of its manufacturing base of healthcare equipment such as X-ray and other products in India to cater to the global market.
The company said it does not plan to open a new facility in India as of now, but would wish to expand its existing manufacturing base here to supply clinical products to other countries.
"We want to increase the breadth and depth of our local manufacturing portfolio primarily with 'local-for-local concept' as India is a very significant market. Eventually we aim to manufacture in India for global consumption as well," Siemens Healthcare CEO for Clinical Products Division Britta Fuenfstueck told PTI.