There are projects for those the both Siemens AG and Siemens Ltd had bid eralier. These projects, however, are still far from reaching implementation stage. All these proposed invetments is being reviewed, said the company officials.

Siemens is one of the leading player in the energy sector here. While the parent company has bid for several equipment procurement and construction (EPC) contracts for a number of power projects, the Indian arm is one of the sub-contractor in the projects.

However, delay in implementation of these projects has forced the companies to review their investment plans. Siemens Ltd which has around 30 per cent of its turnover during 1997-98 from the energy sector has registered a 10 per cent decline in the contribution from this segment.

The move is also necessary considering the changes in the product prices in the international and local markets during the past years. In certain cases it is difficult to maintain the quotations given some years ago, said the official, adding that the financial viability of these bid has to be reassessed.

Besides, for appraisal of corporate strategy and investment plan, the companies need to know the investment requirement in various products and services. "For the short and long-term investment plans also it is important to know the viability of the prohjecs," said official.

Investors would go to the countries where the returns are faster, said official, adding the there no point in locking money for the projects which may not come up. In such cases there is a risk of diversion of investment to the more attractive destinations.

While reviewing the proposed investment the companies would also discuss with the developers, the official said.