In an exclusive revelation, Siemens India has unveiled an ambitious growth roadmap that combines strategic manufacturing expansion with targeted acquisitions, positioning the company for significant market dominance. Managing Director and CEO Sunil Mathur shared compelling insights into the company's future trajectory.
Manufacturing Renaissance: The Core Growth Engine
Siemens India is doubling down on its manufacturing capabilities, recognizing the tremendous opportunities emerging in the Indian industrial landscape. The company's manufacturing strategy focuses on three key pillars:
- Capacity enhancement across existing facilities
- Technology integration to boost productivity and quality
- Workforce development to support expanded operations
This manufacturing push comes at a crucial time when global supply chains are realigning and India is emerging as a preferred manufacturing destination.
Strategic Acquisitions: Fueling Accelerated Growth
Beyond organic growth, Siemens India is actively pursuing strategic acquisitions to complement its core business and enter new market segments. The acquisition strategy is carefully calibrated to:
- Enhance technological capabilities
- Expand product portfolio
- Strengthen market position in high-growth sectors
- Acquire specialized talent and expertise
GST Reforms: The Game Changer for Industrial Growth
Sunil Mathur highlighted the transformative impact of GST reforms on the manufacturing sector. "The GST implementation has been a watershed moment for Indian industry," he emphasized. The unified tax structure has:
- Streamlined interstate movement of goods
- Reduced logistical complexities
- Enhanced operational efficiency
- Created a more transparent business environment
Navigating the Tax Landscape
While acknowledging the positive impact of GST, Mathur also addressed the ongoing income tax reforms and their implications for large corporations. The company remains committed to full compliance while advocating for policies that encourage industrial investment and growth.
Future Outlook: Building on Strong Foundations
Siemens India's growth strategy is built on the company's strong legacy and market position. The combination of manufacturing excellence, strategic acquisitions, and favorable policy environment creates a powerful growth cocktail that positions Siemens for sustained expansion in the coming years.
The company's approach reflects a deep understanding of India's evolving industrial ecosystem and a clear vision for capitalizing on emerging opportunities across multiple sectors.
