Siemens eyeing double digit growth in urban, infra segment

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Riding high on the exponential growth of urban centres and the resultant demand for infrastructure, electronics and electrical engineering major Siemens is eyeing double digit growth in revenues from infrastructure and city focused business, according to a PTI report.

“Cities are the growth drivers of the future. We see this as a huge growth opportunity for our business as we have the expertise to provide green efficient products and solutions when it comes to sustainable development of urban infrastructure,” Roland Busch, Siemens AG Chief Executive, Infrastructure and Cities Segment said addressing the media after the inauguration of two new Siemens factories for energy automation and medium voltage products in Goa.

“Siemens is gearing itself to address the growing demand of cities. We have the portfolio, the know-how and the technological expertise to make cities greener and sustainable,” he said, adding, “We are confident about achieving a considerable growth in the segment.” The infrastructure and cities sectors offer integrated mobility solutions, building and security technologies, power distribution, smart grid applications and low and medium voltage products. The sector comprises rail systems, mobility and logistics, low and medium voltage, smart grid, building technologies, etc.

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