The new factories will manufacture energy automation and medium-voltage products, both of which are part of Siemens Energy sector.With these investments, Siemens intends to make Goa a hub for energy automation products that will cater to the domestic and emerging markets in India and overseas Asia, says Amin Bruck, managing director, Siemens. The expansion is a part of the overall growth agenda for Siemens in India, wherein the company will invest $364 million over the next few years.The Energy Automation factory will be the first such facility outside Europe, and the third forSiemens, after Germany and the United Kingdom. It will be equipped with world-class technology, the company said, and will manufacture an entire spectrum of energy automation products, ranging from printed circuit boards (PCBs) to electro-mechanical relays used in energy transmission and distribution.The two facilities in Goa are expected to provide direct employment to around 200 people and indirect employment for more than 500 people.Siemens already has a health-care factory at Verna in Goa, which manufactures a wide range of X-ray equipment for global markets, including Latin America, South Asia, Africa, the Association of Southeast Asian Nations (ASEAN) and the Middle East. The new Energy Automation facility will be located next to the health-care factory.About the author:Uday Lal Pai, [email protected], is a freelance journalist based in India.
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