Siemens Ltd, a prominent German technology company, has made a major investment of Rs 330 crore to develop its manufacturing activities in Goa. This strategic step is intended to increase the production of cutting-edge gas insulated switchgear and clean air GIS (Blue GIS) technologies to meet the increasing global demand for smart electrical and automation products.
-
Investment Details: The Rs 330 crore investment is Siemens' biggest in Goa, aimed at increasing its factory capacity to address the growing demand for critical components in sectors such as data centers, metro rail, oil & gas, and steel.
-
Technological Advancements: The new facility will produce state-of-the-art gas insulated switchgear and clean air GIS technologies, enabling sustainability objectives across sectors.
-
Local Ecosystem Building: Siemens is interested in working closely with local MSMEs in order to enhance the supply chain ecosystem of Goa, so that the small companies become a vital part of its business.
-
Sustainability Activities: The plants have been developed keeping global sustainable standards in mind and have followed LEED Gold standard, while featuring technologies such as PV solar, microgrid, EV charging, and rainwater harvesting in an effort to remain carbon neutral and water positive.
This investment not only reflects Siemens' intention towards India's manufacturing industry but also in concurrence with the government's programs such as Make in India and Aatmanirbhar Bharat, supporting the nation's economic growth and sustainable aspirations.
Source Name: Times of India, Business Standard, MoneyControl.