Siemens Reveals Strategic Investment Plans in India

Siemens AG, a German technology company, is investing more in India as it can see how fast its economy is booming. Through its strategic investments, Siemens will leverage the country's economic growth for its diversification and sustainability efforts.

Positive Outlook for Business in India

According to Reuters, Siemens is looking very positively at its business prospects in the world's most populated country. Matthias Rebellius, the company's managing board member, said that as the region's economy continues to prosper, it is also offering them the opportunity to diversify from China.

Rebellius is also leading the firm's Smart Infrastructure unit, and he shared that India is one of Siemens' priorities for future investments. This is in line with the company's goal to upgrade its electric grid and provide capital in renewable energy.

"We are very positive on India, and it is one of our main growth markets," the executive told Reuters via an interview. "Not only India but also other parts of Asia offer an attractive growth potential - not only for us but also for other companies diversifying away from China."

Siemens Sets Up Its Headquarters in Suzhou

Meanwhile, China Daily reported that Siemens Advanta, Siemens's business division offering digital transformation and industrial Internet of Things (IoT) solutions, has established its headquarters in China after signing the contracts earlier this week.

Siemens selected Suzhou as the location for its Chinese headquarters. This city is in the Eastern part of the country's Jiangsu province. Officials said that the company will eventually expand its business from Suzhou to nearby territories such as Hong Kong, Macao, Taiwan, Southeast Asia, Japan, and the Republic of Korea.

Photo by: Siemens Press Room