Siemens Chief outlines triple growth strategy for India

"India is a key market for us and we will continue to strengthen our operations here." said Mr. Peter Loscher, President and CEO of Siemens AG. India is the first country Mr. Loscher visited in Asia after taking over the charge of Siemens. With its technological edge and capabilities in Software, Engineering & R&D, India continues to play an Important role in the worldwide strategy of Siemens.

During his first visit to India as the President & CEO of Siemens AG, Mr. Peter Loscher announced that India will continue to be an important market for Siemens AG. With three Indian cities featuring amongst the ten-mega cities identified worldwide, India offers huge potential for development and modernization. Progressive policies have also brought in tremendous opportunities in areas like infrastructure, healthcare and information & communication and Siemens India is well equipped to leverage these opportunities with its comprehensive portfolio, breakthrough innovations and environment-friendly solutions. There are huge opportunities in the domestic market that are still untapped and Siemens will increase its focus on India to address newer sectors and geographies.

The stock closed the day at Rs.1127.85, down by Rs.67.95 or 5.68%. The stock hit an intraday high of Rs.1213 and low of Rs.1115.20. The total traded quantity was 39648 compared to 2 week average of 34370.

Source : Equity Bulls

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