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Wipro GE Healthcare has pledged a $1 billion

CHENNAI: Wipro GE Healthcare, a joint venture between GE Precision Healthcare LLC, USA, and Wipro Enterprises, reaffirmed its $1 billion investment plans for expansion in India, according to its Managing Director on Friday. This statement follows US President Donald Trump’s call for global businesses to manufacture in the United States or face tariffs.

"Our plans remain unchanged at the moment because it is too early to speculate. We want to be in India for India, but we also want (to be) in India for the world. And that's our vision. That vision is what has driven the $4 billion investment over the past 35 years and the next $1 billion investment. That plan has not changed, will not change at the present moment,” Chaitanya Sarawate, managing director, Wipro GE Healthcare, and president & CEO, GE HealthCare South Asia, told TOI.

Asked about expanding their footprint in India through the $1 billion investment, Sarawate said a detailed study is being conducted for the purpose.

"The study would evaluate whether we should be based in Karnataka, where we are located or does it make sense for us to expand in alternative states. Of course, Tamil Nadu is one of the states that we will look at seriously as well. At the end of the day what we are looking for is scale and talent availability. What we are looking for is port, connectivity, logistics and the presence of a supplier base."

The company is looking at developing embedded AI machines to reduce the scanning time for patients. “If it took 40 minutes without AI, it takes 20 minutes with AI. So, it doubles the capacity of the MRI machine,” he added.

News Source: https://www.msn.com/en-in/money/topstories/wipro-ge-healthcares-1-billion-investment-plans-remain-unchanged-at-present-moment-its-md-says/ar-AA1xNPwh

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