Philips to hire 1,500 people in India, invest 300Cr.
Frans van Houten, global CEO of Philips, said durable consumer goods giants will invest as much as 300 rupees in India. It also plans to employ 1,500 people in the country. The company will expand its facilities in Pune, the CEO said.
“I would like to talk about the importance of the Innovation Center in Bangalore, where most of the software resources are located. Also, as Chennai’s global business services hub is expanding, Philips in India has strong overall employment. We plan to increase the employment of at least 1,500 people, “Van Houten said in an interview with The Economic Times.
Philips said it is focusing on India because it believes it is the best market to enter. Van Houten said the company is making good use of “many talents” in India. The CEO of Philips also believes that many local manufacturers will come to the country. “Because the market is important and we have a good workforce, more local manufacturing will come to India,” he said, and they expanded Pune’s facilities to secure more manufacturing there. I added that.
Van Houten said the pandemic has changed dramatically in terms of production. In the first quarter of last year, we increased production of critical care equipment such as ventilators and monitors. “On the one hand, we saw a rapid increase in critical and acute care, and on the other hand, we saw a decline in the traditional business of selective procedures,” he said, disagreeing with the return of regular care this year. I added that.
He added that the affordability of medical care in India is a problem, despite some plans. “Access to care needs to be further developed, and deploying an infrastructure that can handle disease on this scale remains a challenge,” said Van Houten.