India will be among the top three or four markets for German engineering and technology conglomerate Siemens over the next three years, overtaking Germany and France.
At present India is its fifth-largest market and contributes 3.5-4 per cent of the firm's revenue, said senior executives of the company.
"India is the fastest-growing market in the world. It depends on how other countries in our pecking order perform," said Peter Korete, member of managing board, chief technology officer and chief strategy officer, Siemens AG.
He said the reason was the potential the country had as it built its infrastructure across segments like locomotives, cement, and chemicals. The amount of infrastructure that is being built is probably second-highest, he added. Koerte was talking to Business Standard on the sidelines of Transform-Innovation Day 2024 event in Mumbai.
هذه القصة مأخوذة من طبعة November 13, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 13, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
RBI seeks info on NBFCs' supply-chain financing
Shadow banks told to rework offers
Adani case, Manipur may take centre stage in winter session
Govt lists banking law Bill for Lok Sabha discussions on Day 1
CCPA seeks to polish diamond framework
Invites stakeholder views for norms
Aligning with global audit standards critical to Viksit Bharat vision
AJAY BHUSHAN PANDEY, chairman, National Financial Reporting Authority (NFRA), in an interview with Ruchika Chitravanshi in New Delhi, says the latest reforms proposed to India's audit standards are historic and long overdue. Edited excerpts:
Global fund managers' India euphoria fizzling out
The recent global fund flow data suggests that one big cycle of foreign fund allocation into India may have come to an end and the trend could remain soft for a longer time, according to a report by Elara Capital.
UK FTA talks restart soon; complex issues persist
Issues like labour, environment remain tricky as talks may begin in Jan
Major port cargo contracts 3.2% to 68 mt in Oct
Central government-owned ports, also known as major ports, recorded a rare 3.2 per cent year-on-year (Y-o-Y) contraction in their cargo volumes during October, primarily due to a fall in crude oil and coal shipments, according to government data.
Luxury automakers hike prices up to 3% amid rising costs
Amid mounting inflationary pressures, escalating material costs, and rising operational expenses, luxury carmakers Mercedes-Benz India and BMW India have announced price increases of up to 3 per cent on their entire model ranges effective from January 1, 2025.
Punit Goenka withdraws from ZEEL MD reappointment
ZEE Entertainment CEO Punit Goenka (pictured), who resigned from the post of managing director (MD) last week, has also withdrawn himself from reappointment for the post in the coming annual general meeting (AGM), according to an exchange filing.
Qcom to create 10x more Mamaearths, Boats in 3-4 years
AADIT PALICHA, co-founder and chief executive officer of quick commerce firm Zepto, speaks to Aryaman Gupta and Shivani Shinde in an interview about the capex plans, slowdown in FMCG sector, and predatory pricing. Edited excerpts:
