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Home arrow News arrow Business News arrow Siemens to invest Rs. 200 cr to set up 2 manufacturing facilities in Goa
Siemens to invest Rs. 200 cr to set up 2 manufacturing facilities in Goa Print E-mail
Written by Vijay   
Monday, 01 November 2010
Mumbai: Siemens will invest Rs.200 crore in Goa over the next few years to set up two state-of-the-art manufacturing facilities for the manufacture Energy Automation and Medium voltage products, both of which are part of Siemens Energy Sector.

With this, Siemens also plans to make Goa a hub for energy automation products that will cater to the domestic and emerging markets. The two facilities in Goa are expected to provide direct employment to around 200 people and indirect employment to over 500 people. This expansion is part of the overall growth agenda of Siemens in India where the company will invest Rs. 1600 crore over the next few years.

"So far, Siemens has witnessed favorable business environment in Goa from all stakeholders which has encouraged us to speed up our expansion plans in the state. The new factories are part of our strategy to develop base level products for the bottom our pyramid market in India. With these factories, we will strengthen our local portfolio to cater to the growing domestic demand. Once we have established these products, we will also explore emerging markets with similar market conditions such as India," said Dr. Bruck, Managing  Director, Siemens Ltd and CEO, South Asia Cluster.

The Energy Automation factory will be the first such factory outside Europe and third in the Siemens World, after Germany and United Kingdom, and it will be equipped with world class technology.The factory will manufacture an entire spectrum of Energy Automation products ranging from printed circuit boards(PCBs) to assembly of electro-mechanical Relays used in energy transmission and distribution.

The Medium Voltage factory will be the third in the Siemens World after Germany and China. This factory will manufacture the advanced 8DJ ST Ring Main Units used in energy distribution. Both factories will be built as Green factories with features such as Ground Water Recharging, Rain Water Harvesting, Water Conservation through low flow fixtures, Energy Conservation through energy efficient lighting and HVAC, use of solar technology for street lighting and water efficient landscaping.

Siemens already has a Healthcare factory at Verna in Goa, which manufactures a wide range of X-Ray equipment for global markets including Latin America, South Asia, Africa, ASEAN and the Middle East. The new facility will be located next to the Healthcare factory.

 
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