Thursday, October 23, 2025
spot_img

Philips to invest Rs. 300 crore, hire 1,500 people in India

spot_img
- Advertisement -

Health technology and consumer durables company, Philips plans to invest more than Rs.300 crore and hire 1,500 people in India over the next one or two years.

Philips global CEO Frans Van Houten said in a statement, “The company will invest as much as Rs 300 crore in India. It also plans to hire 1,500 people in the country,”

The company will expand its Pune facilities, said the CEO Frans Van Houten.

In an interview with Economic Times, Van Houten said, “I would mention the importance of our Innovation Centre in Bengaluru, where most of our software resources reside. We are also expanding our Global Business Services Hub in Chennai, so overall employment for Philips in India is strong. We have a current plan to expand employment by at least 1,500 people,”

He said to Economic Times, “Philips is focused on India as it believes that it is a great market to be in. Van Houten said that the company makes good use of the ‘lot of talent’ that’s there in India. The Philips CEO also believes that a lot of local manufacturing will come to the country,”

“We will see more local manufacturing coming to India because the market is important and there is a good workforce,” he further added.

Van Houten said, “the pandemic has seen an upheaval in terms of their production. In the first quarter last year, they increased production of critical care equipment such as ventilators and monitors,”

“On one hand, we saw critical and acute care rise rapidly, on the other, we saw the more conventional business for elective procedures go down,” he said, adding that this year is opposite as regular care has come back.

Van Houten said that the pandemic has seen an upheaval in terms of their production. In the first quarter last year, they increased production of critical care equipment such as ventilators and monitors. “On one hand, we saw critical and acute care rise rapidly, on the other, we saw the more conventional business for elective procedures go down,” he said, adding that this year is opposite as regular care has come back.

He added that affordability of healthcare in India is an issue despite several schemes. “Access to care is something that has to be developed further. Also, getting in infrastructure that can cater for diseases at this kind of scale remains a challenge,” said Van Houten.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

CBI arrests ex- ICICI Bank chief Chanda Kochhar & her husband

The Central Bureau of Investigation (CBI) has arrested former...

PepsiCo India is on hiring spree, inviting job applications for various roles

Food and beverages major, PepsiCo India is inviting job...

ESIC Launches SPREE 2025 to Expand Social Security Coverage

Employees’ State Insurance Corporation (ESIC) has launched SPREE 2025—the...

Accenture Acquires Bengaluru-Based Chip Design Startup Excelmax

Accenture acquired Bengaluru-based semiconductor design services provider Excelmax Technologies...

IBM expands presence in Telangana, hiring local talents

IBM has announced that it has set up a...

Wipro elevates Rashmi Prabha as Global Head- HR, CIS

Wipro Ltd elevates Rashmi Prabha as Global Head- HR,...

PwC Lays Off 1,500 Employees and 60 Partners in the Middle East

PricewaterhouseCoopers (PwC) has laid off approximately 1,500 employees and...

Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs

Tesla CEO Elon Musk has a "super bad feeling" about...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/