Philips India on Sunday said it is setting up a healthcare equipment manufacturing plant in the country for domestic and overseas markets. Philips said the unit will integrate two Indian firms acquired by it last year, besides expanding the company’s local operations, the plant will make India a major supplier for global markets and could be ready in 18 months. “For the first time, Philips is setting up a greenfield site for the healthcare segment in India,” Philips Electronics India MD & CEO M. Sivaraman said.