Siemens eyeing double-digit growth in urban, infra segments
Tags:
Riding high on the exponential growth of urban centres and the resultant demand for infrastructure, electronics and electrical engineering major Siemens is eyeing double-digit growth in revenues from infrastructure and city-focused business.
"Cities are the growth drivers of the future. We see this as a huge growth opportunity for our business as we have the expertise to provide green-efficient products and solutions when it comes to sustainable development of urban infrastructure," Siemens AG Chief Executive, Infrastructure and Cities Segment, Roland Busch told reporters here on Sunday.
He was addressing the media after the inauguration of two new Siemens factories for energy automation and medium voltage products at Verna, in Goa, which were set up at an investment of Rs 200 crore.
"Siemens is gearing itself to address the growing demand of cities. We have the portfolio, the know-how and the technological expertise to make cities greener and sustainable," he said, adding, "We are confident about achieving a considerable growth in the segment."
The infrastructure and cities sectors offers integrated mobility solutions, building and security technologies, power distribution, smart grid applications and low and medium-voltage products.
The sector comprises rail systems, mobility and logistics, low and medium voltage, smart grid, building technologies, etc.
At present, of the total business volume of around Rs 12,000 crore of Siemens India, nearly Rs 3,000 crore is contributed by its infrastructure and cities division.
"We expect this number to go up considerably within a year," said another official.
Siemens expects to manufacture 7,500 cubicles of medium voltage and 2.5 lakh devices at its energy automation factory this year.
"Within the next one year, we will be able to achieve nearly 30 per cent of our manufacturing target, which is a part of the first phase of the project," Busch said.
The two factories will not only cater to the domestic market, but in the second phase of the project, "We will also look at exporting them," Siemens India Managing Director Armin Bruck said.
The factories will have their own in-house R&D units and will manufacture a range of low and medium voltage energy automation products for power distribution of industries, utilities, power plants, infrastructure and cities.
The products will include medium voltage gas-insulated switchgears, primary distribution switchgears, locally developed products like ring main units and compact sub-stations for power distribution, numerical protection relays, telecontrol devices for smart grids, electromechanical auxiliary and trip relays.
With the two new factories, the total number of factories of Siemens in India is now 21.
Post new comment