Royal Philips, a healthcare technology company, has completed expansion of its factory at Chakan in Maharashtra.
In addition, the company announced setting up of a new research & development (R&D) centre to expand innovation capabilities in Pune to invest further in India.
The factory now houses the MR radio frequency coil, mobile surgery systems and ultrasound assembly businesses, among other activities.
Following the expansion, the Chakan facility will carry out manufacturing, servicing, and repair of MR coils with a significant global capacity, and is already providing a large volume of coils at the highest levels of global quality standards.
The company has acquired 10 acre of land parcel to build a new R&D centre in Pune. The company also manufactures ultrasound products for the Indian market from Pune.