Siemens to set up energy sector in Goa

German-firm Siemens has said that it is eyeing Goa--its only destination outside Europe-- to set up its energy sector manufacturing facility with an investment of Rs 200 crore.

This state-of-the-art facility will be the third one after two such units in Europe - Germany and United Kingdom, he said.

"The facility in Goa will manufacture Energy Automation and Medium Voltage products, both of which are part of Siemens Energy Sector," the spokesman said.

He said that the expansion is a part of the overall growth agenda of Siemens in India wherein the company will invest Rs 1,600 crore in India over the next few years.

"With this, Siemens also plans to make Goa a hub for energy automation products that will cater to the domestic and emerging markets," spokesman added.

Goa unit will manufacture an entire spectrum of Energy Automation products ranging from Printed Circuit Boards (PCBs) to the assembly of electro-mechanical relays used in energy transmission and distribution.

Recently, commenting on the development during the ground breaking ceremony of the Energy Automation factory, Dr Armin Bruck, Managing Director, Siemens Ltd & CEO - South Asia Cluster said, "So far Siemens has witnessed favourable business environment in Goa from all stakeholders which has encouraged us to speed up our expansion plans in the state." 

"As a company committed to nurturing the environment, we will ensure that the factories will meet all the environment standards stipulated at the national as well as international levels," Bruck further added.
    
Siemens already has a presence in Goa's Verna industrial estate, which manufactures a wide range of X-Ray equipments for global markets, including Latin America, South Asia, Africa, ASEAN and the Middle East.