Nov 09, 2023
Philips inaugurates new innovation campus in Yelahanka, Bengaluru
Bengaluru, India: Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the launch of its new innovation campus in Yelahanka, Bengaluru. The 650,000 sq. ft. campus, built with an investment of INR 500 crores, will accommodate over 5,000 professionals working on innovative health technologies aimed at improving patient experiences, achieving better health outcomes, improving staff experiences, and lowering the cost of care.
The new center in Bengaluru not only signifies a landmark in Philips' global footprint but will also play a pivotal role in revolutionizing the healthcare landscape in India and beyond. For Philips, digital connectivity and technological innovation are key to expanding access to care and achieving universal health coverage. These form core elements of Philips’ aspiration to improve the lives of 400 million people a year in underserved communities – which is part of the goal to improve the lives of 2.5 billion people a year by 2030.
With approximately 9,000 employees already contributing to Philips' mission across India, the company has established a strong presence in the country. Its Healthcare Innovation Center in Pune, Global Business Services in Chennai, and commercial teams in Gurgaon are integral to Philips' operations.
“Philips has been innovating for more than 130 years, and started doing business in India some 92 years ago,” said Roy Jakobs, CEO Royal Philips. “In the last 27 years, the Philips Innovation Campus in Bengaluru has grown to represent almost all our business categories and supporting roles. This means we’re able to help more healthcare providers help more patients, in an efficient and sustainable way, and make it easier for more people to take care of their health and well-being. This new campus is a testimony of our commitment to further building our capabilities in India and leveraging the same for customers globally.”
“At Philips, we see huge potential to make a difference through innovation, design and sustainability and help ensure that healthcare works for everyone. In India, we not only want to speed up access to care but also locally develop and contribute to solutions for the rest of the world. This new campus reflects our desire to support the country’s healthcare goals through development and manufacturing of healthcare solutions.”
Philips is committed to advancing capability development across its various sites, with a special emphasis on the growing sphere of informatics. As Philips continues to invest in India and leverage its deep-rooted expertise in healthcare innovation, the innovation campus in Yelahanka marks a significant milestone. These investments encompass not only the development of technology but also the growth and nurturing of talent. By fostering this dual focus, Philips is equipping the teams with the skills and knowledge required to drive innovation in the field of informatics, contributing to the evolution of healthcare in the digital age. This endeavor reinforces Philips' commitment to making a substantial impact on healthcare not just in India but worldwide.
About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2022 sales of EUR 17.8 billion and employs approximately 70,700 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.
