Wipro GE Healthcare, a leading global medical technology and digital solutions innovator, on Thursday, announced the launch of its new manufacturing facility in Bengaluru, India, under the Indian government’s Production Linked Incentive (PLI) Scheme. This greenfield plant, with an investment of more than INR 100 crores, is one of 15 medical device manufacturers recognized under an Indian government scheme.
“India is on an accelerated growth path in gaining global prominence for medical devices manufacturing. Wipro GE Healthcare’s new factory, with support from the government’s Production Linked Incentive (PLI) Scheme, will aid the health ecosystem in India to realize its true potential in addressing local and global challenges for healthcare providers.”Azim Premji, Chairman, Wipro GE Healthcare and Chairman, Wipro Enterprises
Company said in a statement, ‘The new plant, Wipro GE Medical Device Manufacturing factory (MDM), is aligned to the National Agenda of ‘Atmanirbhar Bharat’ and will further boost local manufacturing of medical devices in India. The plant is a 100% subsidiary of Wipro GE Healthcare and has been set up as a green field legal entity. The company has invested a little over INR100 crore in this facility.’
Commenting on the launch, Dr. Shravan Subramanyam, Managing Director, Wipro GE Healthcare, said, “The new facility is a testament to our continued commitment to an Atmanirbhar Bharat and is a step forward in elevating India’s capability as a global manufacturing hub. We applaud the government’s initiatives towards making India self-reliant. The new draft of the National Medical Devices Policy 2022 provides further impetus towards empowering India’s healthcare ecosystem, and we at Wipro GE Healthcare are very optimistic about the future of MedTech in India.
The MDM factory, which spans 35,000 square feet, is designed to produce CT machines, cathlab equipment, ultrasound scanners, patient monitoring systems, ECG machines, and ventilators 24 hours a day, seven days a week. It has automated testers for evaluating the functioning of medical gadgets. The shopfloor at this plant now employs 35 people, but that number is likely to rise to 100 in the next 2 – 3 years.
“We congratulate Wipro GE Healthcare for its contribution towards boosting local manufacturing and generating employment in the local communities. Through our Karnataka Digital Economy Mission, we will provide continued support to the company’s efforts towards augmenting the ESDM sector and providing fillip to the region’s digital economy,” said C N Ashwath Narayan, Minister of Information Technology – Biotechnology, Higher Education, Science and Technology of Karnataka in his virtual address.
Mahesh Kapri, Managing Director, GE BEL & General Manager – ISC, South Asia, GE Healthcare, said, “The country’s import dependency for medical devices stands at 75-80% and for India to rise the ranks as the leading MedTech devices market, local innovation & production is pivotal. We are confident that our new factory will contribute meaningfully to India’s self-reliance goal and will accelerate India’s profile on the global product development map.”
“GE’s 14 factories across energy, aviation and healthcare manufacturing already play a significant role in supporting India’s Make in India goals. The launch of our fourth healthcare manufacturing facility in the country highlights local hi-tech manufacturing skills, and a growing ecosystem for production of medical devices and components. I am proud of the Wipro and GE partnership that continues to catalyze product development and growth in access to healthcare in the country,” said Mahesh Palashikar, President, GE South Asia.
The Electronics System Design and Manufacturing (ESDM) sector is expected to contribute more than 20% of regional GDP by 2025, according to the Karnataka government. With new policies in the IT, ER&D, ESDM, and Skill Development sectors, the state government is shaping its digital economy. The new Wipro GE Healthcare facility in Karnataka promotes the ESDM sector and aligns with the state government’s goal of building a global digital economy through state-of-the-art medical devices built in India.