Kahani Aaj Kal || Siemens to Invest ₹333 Crore to Expand Manufacturing Operations in Goa

Siemens to Invest ₹333 Crore to Expand Manufacturing Operations in Goa

2025-04-16 11:10:55

Overview

Siemens Limited has announced an investment of ₹333 crore to expand its manufacturing operations in Goa. This initiative is aimed at meeting the growing demand for critical components in industry, infrastructure, and power distribution sectors.

Key Highlights

Investment Details

The ₹333 crore investment is part of Siemens' broader capital expenditure plan exceeding ₹1,000 crore, which includes expansions in other Indian locations such as Aurangabad.

Product Focus

The Goa facility will produce state-of-the-art Gas Insulated Switchgear and Clean Air GIS (Blue GIS) technologies. These products are designed to help customers in sectors like data centers, metro rail, oil & gas, steel, and transmission & distribution achieve their sustainability goals.

Sustainability Initiatives

The expanded facility is designed to be carbon neutral and water positive, incorporating sustainable technologies such as photovoltaic solar panels, microgrids, electric vehicle charging stations, battery energy storage systems, and rainwater harvesting. The construction will utilize recycled materials and circular construction techniques, aligning with LEED Gold standards.

Local Collaboration

Siemens is keen to collaborate with local Micro, Small, and Medium Enterprises (MSMEs) to strengthen its supply chain ecosystem in Goa. Approximately 45 local companies have expressed interest in becoming supply partners, reflecting the potential for significant local economic impact.

Employment Generation

The expansion is expected to create numerous job opportunities in the region, contributing to the local economy and providing a boost to the manufacturing sector in Goa.

Broader Expansion Plans

In addition to the Goa expansion, Siemens is investing ₹186 crore to build a state-of-the-art metro train manufacturing facility in Aurangabad. This facility aims to address the growing demand for metro rail networks globally and will complement the existing bogie manufacturing facility at the same location.

Strategic Significance

These investments underscore Siemens' commitment to India's 'Make in India' and 'Aatmanirbhar Bharat' initiatives, emphasizing localization and sustainable manufacturing practices. The expanded facilities are expected to play a crucial role in supporting critical infrastructure projects both domestically and internationally.