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Business - May 12, 2025

Medtech MNCs bet big on localisation

Medtech MNCs bet big on localisation

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 (medtech) 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.

business@rediff.co.in (Anjali Singh & Sanket Koul)مصدر

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