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“India is a key market for us and we will continue to strengthen our operations here.” said Mr. Peter Löscher, President and CEO of Siemens AG. India is the first country Mr. Löscher visited in Asia after taking over the charge of Siemens. With its technological edge and capabilities in Software, Engineering & R&D, India continues to play an important role in the worldwide strategy of Siemens.
During his first visit to India as the President & CEO of Siemens AG, Mr. Peter Löscher announced that India will continue to be an important market for Siemens AG. With three Indian cities featuring amongst the ten-mega cities identified worldwide, India offers huge potential for development and modernization. Progressive policies have also brought in tremendous opportunities in areas like infrastructure, healthcare and information & communication and Siemens India is well equipped to leverage these opportunities with its comprehensive portfolio, breakthrough innovations and environment-friendly solutions. There are huge opportunities in the domestic market that are still untapped and Siemens will increase its focus on India to address newer sectors and geographies.
Siemens India is already in the growth phase in all its businesses and is an emerging player to the global operations in the engineering sector. With a total of 17 manufacturing facilities across India, Siemens India has also made several acquisitions in the areas of power, industry and building technologies to strengthen the existing portfolio and address the booming market. With export volumes growing from 6-7% three years ago, to over 35% of the total turnover today, Siemens India will play a larger role as a manufacturing hub for certain products even for the world market. Government initiatives like the privatization of Airports & ports and setting up of mega power plants are also augmenting the growth.
In the area of Information Technology and R & D, Siemens India has always been on the forefront of global business. Through the IT arm - Siemens Information Systems Ltd (SISL) with an IT workforce of around 6000, Siemens India contributes over 10% to the Siemens Global Software development and more than 30% to the software development for the entire healthcare business. In order to bring the entire global IT portfolio under one roof, SISL is aligned with the Siemens IT Solutions and Services (SIS) group of Siemens AG. This arrangement will also provide a great opportunity for SISL to pursue global IT markets with uniform, joint efforts, including in areas of R&D.
Comments Mr. Löscher “India is undoubtedly a key business destination for the businesses worldwide. Its huge domestic demand, strengths in manufacturing and R&D coupled with large talent pool presents Siemens with ample growth opportunities. While India is a huge market for us domestically, at the same time, it is also successfully creating value for our global customers.” He further added, “We have outlined a triple strategy for growth in India. First, we will tap into the domestic market by penetrating into newer sectors and geographies. Second, we will explore additional avenue of growth in the export market. And third, we will further leverage on India’s competitive advantages by sourcing products and services for the regional and global markets.”
Speaking on the occasion, Mr. Juergen Schubert, Managing Director, Siemens Ltd. said, “The visit of the our newly appointed CEO within 100 days of his appointment is a clear message that India has emerged in the top league of important markets for Siemens worldwide. There are huge expectations from India and we are confident of delivering on the same. We will not only focus on enhancing our operations here, but also strengthen our core competencies in manufacturing, R&D, software and engineering that will help us contribute further to the global value chain.”
Siemens Ltd. is the flagship of the Siemens Group in India. The Siemens Group in India is a leading provider of industry and infrastructure solutions in India with a business volume aggregating about Rs. 9000 crore. It operates in the core business segments of Energy, Industry and Buildings, Information Technology, Communication, Transportation, Healthcare and Lighting. It has nation-wide Sales and Service network, 17 manufacturing plants, some 500 strong network of channel partners and through its 15 companies, the Siemens Group employs around 16,000 people.