Just last month Peter Loscher took over the top job at German industrial group Siemens AG and now 50 days later Loscher is ready with big plans for India. Siemens is obviously gearing up to make the most of massive investments into India''s infrastructure sector. And Peter Loscher believes that Siemens'' low cost manufacturing and outsourcing capabilities puts India at the heart of Siemens AG''s global agenda.
Even as Siemens has scripted a smart turnaround in India, after years of losses the slide in its operating margins has been worrying its Indian shareholders. Siemens however says these are temporary hiccups.
Because of large investments margins are under pressure, J Schubert, Managing Director of Siemens India said. There has been a buzz that Siemens AG could de-list its Indian arm from the Indian stock exchanges. But Peter Loscher says that he wants Siemens to remain a listed entity.
Siemens currently accounts for just around four per cent of the group''s turnover and Peter Loscher wants this share to increase going forward. Siemens will focus on stepping up from India especially to neighboring countries and Middle East.
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