Siemens moving to next generation products and services

Engineering major Siemens, operating in India for over 150 years, is now in a transformation mode. From its conventional engineering products and services, the company is moving towards a total technology and digital solution provider across all its verticals, said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens.

"By 2030, all of Siemens' products will become green as part of our global vision and we are moving in that direction in three core areas of functions in electrification, automation and digitisation", he said.

Siemens India, part of the Munich-based $80 billion conglomerate Siemens AG, recently had started a model digitalized low-voltage switchgear factory at Kalwa, near Thane in Mumbai.

The old factory, which was renovated with digital solutions, can manufacture over five million devices annually and is capable of producing more than 180 variants at the rate of one product every nine seconds. The digitalized factory is expected to help the Indian industry, especially small and medium enterprises (SMEs), achieve manufacturing excellence. The factory is a model one in automation for industries across verticals.

The company has also developed a platform called "Mindsphere". This provides the entire manufacturing efficiency and knowledge on one platform, which will then be able to generate information and help the customers in data and information to increase their productivity and become more efficient.

"We are able to help our customers develop a 'digital twin'. That is, you design the factory on a computer using our software. Design the factory, design the machines. You can even design how those machines look like, what functionalities you want in them, the workflow and the work process, the throughput of the products and you cost the whole thing. For all this, we provide the software", explained Mathur.

The company has also moved into a new green and energy efficient corporate office in Worli.

Mathur said the focus would be to offer next generation technologies and solutions - like smart grids, energy efficient products, smart building technologies and the like across all its products and services in various verticals - power and gas, energy management (transmission and distribution), mobility (railway signaling and electrification), building technologies, smart cities and energy efficiency.  

Currently every year Siemens India generates average revenues of Rs 10-12,000 crore a year and operates over 15 factories. About 60 percent of its business is from government orders and the rest is from private sector.

ALSO READ: How Infosys stock outclassed rivals during Vishal Sikka's tenure

ALSO READ: Infosys CEO Vishal Sikka's resignation letter: Reading between the lines

Also watch: