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.
Diese Geschichte stammt aus der November 13, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 13, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
So you're thinking of leaving X for Bluesky. How does it work?
The apps look and feel similar. Here is how to use Bluesky and what you might miss from X
Retailer held liable for defective earpiece
CONSUMER PROTECTION
MARKET DRAFT POPS IPO BALLOON, 15 MAINBOARD LISTINGS LOSE AIR
DEFLATED: 10 of them down 10% or more below issue price
Earnings downgrades widespread, more expected
Tepid earnings growth in the September 2024–25 quarter, amid sticky inflation, withdrawals by foreign investors, and global headwinds, has diminished the appeal of Indian markets. ANDREW HOLLAND, chief executive officer at Avendus Capital Public Markets Alternate Strategies, tells Puneet Wadhwa in a telephonic conversation that flows—especially passive—will favor the US and developed markets over emerging markets (EMs). Edited excerpts:
Premium portfolios to serve neat margin gains for liquor majors
PROFITS, UNCORKED: A spirited blend of festivals and weddings to pour strong growth in FY25's second half
MFs hold the match to GIFT IFSC's listing fire
Mkt players aim to stoke flames of direct listing in financial hub
Comeback script
Politics and economics of cash transfers must be debated
High costs
US charges will cause reputation damage for Adani and India
Anatomy of a terrorist attack
\"Why inflict this on myself?\" Emmanuel Carrère asks in the opening pages of his new book, as he stares down the 10 months he is about to spend in a 7,000-square-foot white plywood room, built to hold a crowd, in the lobby of the Palais de Justice in Paris.
Strategy for FDI by Indian firms
A simple 2x2 classification for the leadership
