Siemens Lines Up New Export Plans

Mumbai, Nov 9: | Updated: Nov 10 2003, 05:30am hrs
Siemens, which posted a good financial performance during the fourth quarter and year ended September 2003, now plans to undertake new export projects.

Jurgen Schubert, managing director, Siemens, told FE that the German company had been already exporting equipment to countries where the British had developed the rail network. The company also plans to export electric mechanical systems to its parent in Germany (Siemens AG). However, he added that many times the differences in standards in India and other countries hindered exports.

During the year, software development for exports to Siemens AG touched a new-high and the 100 per cent export-oriented design centre was enhanced. In the medium-and-high voltage business, exports were made to Qatar, Iran and Nepal. The industrial solutions and services division made a breakthrough in Chinese market through flat products in electrical and automation solutions.

He lauded the ongoing power sector reforms in India, but added that the plans should materialise on ground. Siemens is already established in the power sector and a better regulatory setup will be an added advantage. At the same time, power losses have to be controlled and grid investment is required to make the distribution system more efficient. With a factory in Nashik, Siemens is a strong player in railway safety systems. Mr Schubert said that his companys equipments and systems were not involved in any of the accidents that have happened on rails. Answering questions about competition from unorganised sector, he said that once they had faced such a problem in low-volume panels, but are largely unaffected due to the high-end nature of their equipment.

Going forward, Mr Schubert announced that in power generation they would concentrate on automation and service business, while health of power utilities remains an area of concern for power distribution business. In the automation and drives division, it plans to launch new products and develop channel partners. Order booking of Bangalore international airport is also expected to boost the sales of its industrial solutions division.