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.
This story is from the November 13, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 13, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
At 122, harmful AQI days in 2024 six more than last year
Number of days with air AQI between 0 and 200 in Delhi has stood at 201 this year so far
Cricket's heavyweights pad up for pitch-perfect battle Down Under
\"Hello, and welcome to all our international viewers to the WACA Ground in Perth..,' For many, the understated, mellow Voice of Richie Benaud served as a window into a distant land where cricket was loud, aggressive, and played in colossal amphitheatre-like stadia.
Govt prepares logistics plan for metros to tackle traffic, pollution
The Centre has prepared a 'City Logistics Plan' for metros such as Delhi and Bengaluru for efficient freight and logistics movement within the city, a senior official of the Department for Promotion of Industry and Internal Trade (DPIIT) said on Wednesday.
NOT SO HOT ON HYBRID
A new report says EVs ancl CNG vehicles will outpace hybrids byfar
Voltas Well placed to improve market share
Analysts positive on volume-led growth that will reflect in stock price
Domestic business, lower guidance to weigh on PI Industries
PI Industries reported a revenue growth of 5 per cent year-on-year (Y-o-Y) in Q2FY25, led by a surge in the custom synthesis and manufacturing (CSM) segment and the export business, which posted 10 per cent growth.
CIEL HR files draft papers, eyes ₹335 crore via fresh issue
Chennai-based CIEL HR Services, which provides technology-driven human resources solutions, on Wednesday filed a draft red herring prospectus with markets regulator Sebi to raise funds through initial public offering (IPO).
Maharashtra poll results unlikely to move markets
The outcome of the Maharashtra Assembly elections is unlikely to shake domestic markets that have other bigger developments to worry about, according to analysts.
Period of easy returns now over, taper expectations: Motilal Oswal
The period of easy returns where rising tide lifts all boats is likely over, Motilal Oswal Private Wealth said in a recent note, citing the likelihood of a moderation in corporate earnings growth in the coming years.
SMEs voice concern over tighter IPO norms
Sebi has proposed an overhaul of SME IPO rules to curb fund diversion and malpractices
