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Siemens to invest one billion euro in India, add 4,000 jobs: CEO Joe Kaeser
8 Sep, 2015
NEW DELHI: Germany's trains-to-turbines conglomerate Siemens AG will invest 1 billion euro in India to add 4,000 jobs to its existing workforce of 16,000 in the country, becoming the first major European conglomerate to commit big bucks in response to Prime Minister Narendra Modi's 'Make in India' initiative. It may look at mergers and acquisitions in software, said Chief Executive Joe Kaeser, who is in New Delhi along with the company's entire board.
Kaeser will meet Modi on Tuesday, his fourth interaction with the PM, in which he will pledge support for 'Make in India', and suggest that the government should expand the slogan to "make it happen in India" to go beyond manufacturing and include societal development, training, automation, etc. He said the company would also consider shifting some international functions to India. A company spokesman later said the CEO was referring to shifting of certain regional responsibilities such as "comp ..
"We will continue to invest in India. We have invested euro 2 billion in the past 10 years, and we will invest euro one billion in the years to come to significantly participate in Make in India and 'Make it Happen in India'," Kaeser told ET in an interview.
"Make in India is great, but 'make it happen in India' is even greater. Make it happen in India is more than manufacturing. It's about training, about education, about societal development and automation and engineering...," he said. Kaeser said he would discuss this at his meeting with the prime minister on Tuesday.
Please read more
http://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/siemens-to-invest-one-billion-euro-in-india-add-4000-jobs-ceo-joe-kaeser/articleshow/48862784.cms
8 Sep, 2015
NEW DELHI: Germany's trains-to-turbines conglomerate Siemens AG will invest 1 billion euro in India to add 4,000 jobs to its existing workforce of 16,000 in the country, becoming the first major European conglomerate to commit big bucks in response to Prime Minister Narendra Modi's 'Make in India' initiative. It may look at mergers and acquisitions in software, said Chief Executive Joe Kaeser, who is in New Delhi along with the company's entire board.
Kaeser will meet Modi on Tuesday, his fourth interaction with the PM, in which he will pledge support for 'Make in India', and suggest that the government should expand the slogan to "make it happen in India" to go beyond manufacturing and include societal development, training, automation, etc. He said the company would also consider shifting some international functions to India. A company spokesman later said the CEO was referring to shifting of certain regional responsibilities such as "comp ..
"We will continue to invest in India. We have invested euro 2 billion in the past 10 years, and we will invest euro one billion in the years to come to significantly participate in Make in India and 'Make it Happen in India'," Kaeser told ET in an interview.
"Make in India is great, but 'make it happen in India' is even greater. Make it happen in India is more than manufacturing. It's about training, about education, about societal development and automation and engineering...," he said. Kaeser said he would discuss this at his meeting with the prime minister on Tuesday.
Please read more
http://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/siemens-to-invest-one-billion-euro-in-india-add-4000-jobs-ceo-joe-kaeser/articleshow/48862784.cms
