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Siemens bets big on Narendra Modi govt for economic revival

New Delhi: German engineering and electronic major Siemens AG is pinning hopes on the new government led by “strong and experienced” Narendra Modi to revive the economy, clear clogged investment pipelines and expedite decision- making

PTI Published : Jun 02, 2014 16:32 IST, Updated : Aug 14, 2014 17:14 IST
 


While Busch did not comment on the addressable market and order expectations from India, he said that Siemens is expecting to move ahead in the “trajectory of growth” going forward. The infrastructure and cities segment contributed 17.7 billion euro to company's sales in 2013.
 
The infrastructure and cities segment of Siemens AG offers a wide range of technologies for increasing the sustainability of metropolitan centres and urban infrastructure worldwide, such as integrated mobility solutions, building and security systems, power distributions equipment, smart grid applications and low & medium voltage products.
 
Siemens is also enthused by the BJP-led government's plan to develop 100 smart cities.

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