India Remains Top Focus for Siemens, Fueling Growth & Innovation?
Dr. Peter Koerte, Member of the Managing Board, CTO, and Chief Strategy Officer, Siemens AG, along with Sunil Mathur, MD & CEO, Siemens Limited, shared key insights into the company’s India roadmap
Siemens, a global leader in engineering and technology, has reaffirmed its commitment to India as a key market for growth and innovation! As Siemens celebrates 157 years in India, the milestone is a powerful testament to India’s growing prominence in the global tech landscape.
While speaking to a select group of editors on the sidelines of their ‘Innovation Day’ held in Mumbai, Dr. Peter Koerte, Member of the Managing Board, Chief Technology Officer, and Chief Strategy Officer, Siemens AG, along with Sunil Mathur, MD & CEO, Siemens Limited, shared exciting insights into the company’s India roadmap. The leaders emphasized India’s critical role in Siemens’ growth story, highlighting it as a central player in their global expansion strategy.
Dr. Koerte emphasized India’s growing significance, saying, “India is the fifth largest market for us in terms of size and industry, and it’s our fastes tgrowing market globally in relative terms. India is moving quickly, and we anticipate it will rank as one of Siemens’ top three or four markets within three years, depending on growth in other regions. More importantly, we see massive potential in India’s infrastructure buildout, especially in railways, where we secured a major tender for 9,000 horsepower locomotives two years ago. But that’s only the start; there’s a need for infrastructure across sectors like steel and cement. Here, Siemens can contribute by retrofitting existing facilities to make them smarter and more efficient. Given the scale of infrastructure development here, India could easily rank as our second or third largest market.”
Mr. Mathur added, “We already have 32 factories in India, and our expansion continues. Recently, we announced an additional €100 million capital expenditure to support growth across various sectors, especially in rolling stock and electrical business. The pace of our investments is closely aligned with the market’s growth potential, which we believe is substantial.”
The event also showcased Siemens’ advancements in Artificial Intelligence (AI) and the Industrial Metaverse, designed to enhance productivity, energy efficiency, and operational performance across manufacturing, infrastructure, and mobility sectors. A key highlight was Siemens Xcelerator, the company’s open digital business platform, offering around 1,000 solutions from over 400 global partners, with 200 solutions directly applicable to Indian projects.
With continued investments and technological innovations, Siemens reaffirms its commitment to driving growth and transformation in India’s industrial landscape.
