Siemens to invest over Rs.10 billion to expand operations in India

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Siemens to invest over Rs.10 billion to expand operations in India

Siemens to invest over Rs.10 billion to expand operations in India

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May 27,24

The company aims to meet the growing demand in critical sectors such as industry, infrastructure, and power distribution by expanding two of its factories. This strategic move includes the establishment of a state-of-the-art metro train manufacturing facility in Aurangabad and the expansion of the Smart Infrastructure Operations in Goa

Siemens to invest over Rs.10 billion to expand operations in India

Siemens Limited, a leading technology company, has announced plans to invest over ?10 billion in expanding its operations in India. The company aims to meet the increasing demand in the industry, infrastructure, and power distribution sectors by expanding two of its factories. These expansions are in addition to the capacity expansions of the Power Transformer factory in Kalwa and Vacuum Interrupter factory in Goa, which were announced in November 2023.

The first expansion will take place in Goa, where Siemens Limited's Smart Infrastructure Business will increase its factory footprint. The company will invest ?3.33 billion in this project, making it the largest investment by Siemens in Goa. The expanded factory will introduce state-of-the-art Gas Insulated Switchgear and Clean Air GIS (Blue GIS) technologies to the market. These advanced products will enable customers in various sectors such as data centres, metro rail, oil & gas, steel, and transmission & distribution to achieve their sustainability goals.

The second expansion involves the establishment of a metro train manufacturing facility in Aurangabad. With an investment of ?1.86 billion, Siemens Limited's Mobility Business aims to address the growing demand for metro rail networks worldwide. The facility will be equipped with the latest technologies, locally procured components, and a skilled technical workforce. It will also serve as an export hub for Metro Turnkey projects, contributing to the growth of sustainable transportation and cities.

Both expansion projects align with the Indian government's initiatives, such as ‘Make in India’ and ‘Aatmanirbhar’ programs, by promoting localisation and manufacturing within the country. Additionally, the factories will adhere to LEED Gold standards, making them globally benchmarked sustainable factories. They will incorporate various sustainable technologies such as PV solar, micro grid, EV charging, battery energy storage systems (BESS), and rainwater harvesting. The construction will also utilize recycled materials and circular construction techniques. These efforts will ensure that the factories are carbon neutral and water positive.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “Over the past few years, India has made rapid strides as a preferred destination for manufacturing and business. We believe that with the latest investments, our largest in recent years, we will be able to better address customer requirements with a stronger portfolio and go-to-market. It is further evidence of the strong commitment of Siemens towards India and will help leverage the full potential of the fast-growing Indian market.”

Siemens Limited's investments in these expansions demonstrate its dedication to innovation, sustainability, and supporting India's economic growth. By introducing advanced technologies and expanding manufacturing capabilities, the company aims to meet the evolving needs of its customers and contribute to the development of sustainable infrastructure in India and globally.