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.
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This story is from the November 13, 2024 edition of Business Standard.
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