In a bid to cater to the global market, German conglomerate Siemens is eyeing India for expansion of its manufacturing base of healthcare equipment such as X-ray and other products.
Eyeing India as a manufacturing hub for its healthcare equipments, German conglomerate Siemens has big expansion plans to cater to the global market.
The company told PTI that it wishes to expand existing manufacturing base here to supply clinical products to other countries.Britta Fuenfstueck, CEO for Clinical Products Division, Siemens Healthcare, told PTI, "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.”
Unveiling its innovative plans, Fuenfstueck said the company wants to introduce more India-relevant products from the global basket like digital radiography.
She further added, the company also wants to provide access to quality healthcare to more Indians through Siemens' financial solutions.
Fuenfstueck also noted that the company sees new competition from India in X-ray and ultrasound business.
She said, "Indian competition is very tough with aggressive pricing models. However, Siemens is a well established and large organisation with strong support for our customers. We gain a lot of experience in the fierce competition in India. This helps us to win in the global market."
At present, the company’s Goa plant manufactures diverse X-rays and c-arms for both domestic and global market. Moreover, its Baroda unit manufactures urine strips and reagents used for testing lab diagnostic samples.
Fuenfstueck also shared, "We see Indian doctors look not only on the equipment price, but on life-cycle cost including service offerings. From this perspective, we do have an attractive offering for the Indian market.”
Reportedly, the company said it installed the world's longest lab solution system at Mumbai-based Thyrocare Technologies.
Earlier in the month, Siemens launched a mobile X-ray system called Giraffe in Chicago for versatile use and demanding clinical situations.
Image Curtesy: Corbis Images