"Is Investing 8000cr in Medical Device Manufacturing and Local R&D a Smart Move for the Next 5 Years?"

New Delhi: Wipro GE

Healthcare on Tuesday said

it will invest over Rs 8,000 crore in India over the next five years to increase local manufacturing and research and development (R&D) initiatives.

its 'Made in India' PET CT Discovery IQ scanner will be exported to 15 countries.

Additionally, locally produced Revolution Aspire CT, Revolution ACT and MR breast coils will be manufactured In India for the World', the company said in a statement.

The strategic investment bolsters the company's local manufacturing footprint to address the growing domestic and international market. It will also build supply chain resiliency for the organization.