Siemens, the German multinational specializing in technology and rail transport, reaffirmed its commitment to India’s growth and continued investments, as shared by Peter Koerte, a member of Siemens’ managing board, during an interview with ‘Moneycontrol’ at the World Economic Forum (WEF).
Koerte noted, “We’ll continue to invest into India for a lot of things such as railways…and so there’s significant investment in manufacturing but also in software. We find an incredible, skilled and young workforce in India (who are) very eager to learn. These capabilities are very much required.”
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Highlighting its significant projects in India, Siemens is fulfilling a record-breaking order for 1,200 locomotives with 9,000 horsepower (HP) each. This is the largest locomotive order for Siemens Mobility, its transport solutions arm, and marks the largest-ever order for Siemens in India.
The company is handling the design, manufacturing, commissioning, and testing of these locomotives.
In addition to locomotives, Siemens sees substantial potential in commuter rail systems, particularly metro projects.
In December 2021, Siemens took on a 23-kilometer stretch of the Pune Metro project.
This initiative was executed under a Public-Private Partnership (PPP) by a joint venture between TRIL Urban Transport (a Tata Group company) and Siemens Project Ventures GmbH.
Further, Siemens is establishing centers near universities in Pune and Bengaluru.
These hubs aim to attract top talent, strengthening the company’s connection to India’s growing pool of skilled professionals.
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