Job Spectrum

Europe's largest engineering group, Siemens, said on Tues. it might invest $346 million in India over 3 years, often to make air turbines to hook directly into a swiftly expanding market for green energy.The German company will add eight thousand roles in India by 2012, taking its workforce to 25,000 in the Asian country, but claimed this wasn't a move to shift production to low-cost states.

"Not . It does not mean that, " Manager Peter Loescher said in the Indian capital when questioned if Siemens would shift operations to states like India.

"It implies precisely the opposite. We are using the Indian expansion opportunity, we are adding specifically tailored products, " he revealed. Siemens had formerly claimed it would cut two thousand roles in Germany and was eyeing reductions in other locations on falling need, adding it would most likely take time before production returned to pre-crisis tops of 2007 / 08.

Loescher, who is in New Delhi as an element of a delegation with visiting German President Horst Kohler, refused to answer questions on job cuts in Germany and other locations.

Siemens, that has been in India for over 140 years and built the 1st telegram line between Kolkata and London in 1867, will start work on a wind turbine plant in 2 to 3 weeks and begin cargos from 2012. The plant will have a preliminary yearly capacity of two hundred MW ( MW ) and would be later ramped up to 5 hundred MW, India chief Armin Bruck said.

Siemens plans to extend its local money by 10 times to one bln Euro Bucks ( $1.4 bn. ) by 2020 and Loescher said a lot of this would come thru organic expansion.