GE Healthcare, the medical devices unit of General Electric, has invested Rs 125 crore ($ 25 million) to set up its Research & Development (R&D) facility in Bangalore, Karnataka.
The new 40,000 sq. ft R&D facility has a replicated hospital work environment and will be used for development of products catering to the Indian as well as foreign healthcare market.
The laboratory, which will become operational by June 2009, will be used to develop latest technology including software applications as well as development of next generation products. The lab is part of a new "green" centre that has cost GE an additional Rs.250 crore (approx $50 million).
Source : projectstoday
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