Siemens Ltd is investing Rs 330 crore to expand its manufacturing operations in Goa and is keen to collaborate with local MSMEs that can become part of its supply chain. Siemens said that it is trying to expand the local ecosystem of suppliers to meet the growing demand for smart electrical and automation products.
Mahendra Wani, General Manager and location head at Siemens Goa said, "We have five factories in Goa, which is a huge commitment to the state. We are also expanding our capacities in the state in a big way. It is our wish to expand the local supply chain ecosystem so that the MSMEs can be part of our business."
The capacity expansion is Siemens' largest investment in Goa. The factory manufactures gas-insulated switchgear and clean air GIS (Blue GIS) technologies. “Siemens is making a Rs 330 crore investment in factory expansion with additional investment in R&D for products for the global market. It is a hardcore electronics design that will happen here,” added Wani.
“The factories we have over here are part of the global hub, and this is a manufacturing location supporting critical infrastructure worldwide. We are supporting the world from this location,” he said.
Around 45 companies showed interest in becoming Siemens' supply partners. The German company supplies products to sectors such as data centres, metro rail, oil and gas, steel, transmission, and distribution to meet their sustainability goals.
Stefan Ritzler, Head of Strategic Procurement Protection and Automation at Siemens, said, "For growth, we need good suppliers and collaborators in areas with high demand. Our factories focus on electrification, smart automation, and smart infrastructure."
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