Synopsis
Wipro GE HealthCare is evaluating options for a new manufacturing facility in India to enhance operations. The company operates four plants and seeks to double global exports while focusing on local sales growth. A significant investment of Rs 8,000 crore is planned over five years to support this initiative. The domestic medical equipment market is projected to grow annually by 10-11%, creating opportunities for Wipro GE HealthCare.
Bengaluru: Wipro GE HealthCare is considering expanding its manufacturing footprint in India with an additional plant as it looks to increase domestic sales and double exports from the country, managing director and South Asia head Chaitanya Sarawate told ET.The company, which operates four manufacturing plants in India, is evaluating multiple states for a potential additional facility, weighing logistics costs, proximity to its engineering
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