Siemens To Invest One Billion Euros In India #MakeInIndia

Siemens To Invest a Billion Euros In India

Make In India: Toyota, Ericsson, Oppo To Start & Expand Local Manufacturing; Indian Auto Industry To Cross $285 billion By 2026

After China, Taiwan, South Korea and Japan, it is Europe’s turn to get galvanized by Make in India vision. Germany based Siemens AG, which is the largest engineering company in Europe having net worth of €104.879 billion, has announced that they will invest €1 billion in India, which is almost Rs 7400 crore based on current exchange rates.

This marks the biggest investment from a European business conglomerate under Make in India vision. As per reports, Siemens may shift some of the engineering manufacturing projects from other International locations to India.

Joe Kaeser, who is the CEO and Chairman of Siemens is right now in India, along with his entire team of board members. The details about this fresh infusion of €1 billion were shared by Joe while interacting with media personals. They have met PM Modi and shared their inputs on making this campaign even stronger and bigger.

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Siemens To Invest One Billion Euros In India #MakeInIndia.