Philips Eyes India as Innovation Hub

Dutch technology major Philips is ramping up its investments in research and development, with plans to position India as a global centre of excellence for innovation across its product segments.

The company, which is set to complete 100 years of operations in India by the end of this decade, views the country as a key growth driver, particularly for its personal healthcare portfolio.

At the global level, Philips invests around 5–6 per cent of its revenue in R&D—significantly higher than the consumer industry average of 2–3 per cent. The company aims to leverage India’s talent pool and expanding market to drive innovation and product development.

Deeptha Khanna, Executive Vice President and Chief Business Leader for personal health at Philips, highlighted India’s strategic importance in the company’s long-term growth and innovation roadmap.