Siemens Links Its Expansion Plans in Goa
To invest Rs. 200 crores to set up manufacturing facilities in the Energy Sector
Siemens will invest Rs. 200 crore in Goa over the next few years to set up two stateof-
the-art manufacturing facilities. The new facilities will manufacture Energy
Automation and Medium Voltage products, both of which are part of Siemens Energy
Sector. This expansion is part of the overall growth agenda of Siemens in India
wherein the company will invest Rs. 1600 crore in India over the next few years.
Together, these factories are expected to provide direct employment to around 200
people and indirect employment to over 500 people. With this, Siemens also plans to
make Goa a hub for energy automation products that will cater to the domestic and
emerging markets.
The Energy Automation factory will be the first such factory outside Europe and third in the
Siemens World, after Germany and United Kingdom and 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 the 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 the 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
& HVAC, use of solar technology for street lighting and water efficient landscaping.
Commenting on the development during the ground breaking ceremony of the Energy
Automation factory, Dr. Bruck, Managing Director, Siemens Ltd & CEO - South Asia Cluster
said, "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 of the
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." He further added, "as a company committed to nurturing the environment, we will ensure that the factories will
meet all the environment standards stipulated at the national as well as international levels.
Further, as a responsible corporate citizen, Siemens will also work towards providing better
living standards to the communities within the vicinity ".
Siemens already has a Healthcare factory at Verna in Goa, which manufactures a wide
range of X-Ray equipments 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.
Siemens Ltd., in which Siemens AG holds 55.18% of the capital, is the flagship listed
company of Siemens AG in India. Siemens in India, which comprises 19 legal entities, is a
leading provider of industry and infrastructure solutions with a business volume aggregating
to approximately Rs.12, 000 crore. It operates in the core business areas of Industry, Energy
and Healthcare and has a nation-wide Sales & Service network, 21 manufacturing plants, a
network of around 500 channel partners and employs about 17,000 people.
Siemens Ltd.
Dr. Armin Bruck
Managing Director
130, Pandurang Budhkar Marg,
Worli, Mumbai - 400 018.
Tel. : (022) 2498 7000
Fax : (022) 2498 7500
Corporate Communication - Press Office
Mr. Viswakumar Menon
130, Pandurang Budhkar Marg,
Worli, Mumbai - 400 018.
Tel. : (022) 2498 7535 / 2498 7024
Fax : (022) 24968085
