Siemens to Invest $346 Million in Indian Renewable Energy Market Through 2012
BANGALORE, INDIA--February 8, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Siemens AG (NYSE:SI) (Munich, Germany) is looking to strengthen its presence in India's energy sector with a proposed investment of more than $346 million in the country's renewable energy market over the next couple of years. The investments primarily will be directed at technology enhancements in the wind-energy segment, as well as creating a base for the company's "value priced products" in the country.
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