India to be deep tech powerhouse and big part of Siemens’ game plan

Siemens AG aims to more than double the share of software and digital services in sales to 20%, and India will play a key role in this strategy, chief executive officer Roland Busch told ET in an interview. The German conglomerate has become the world’s largest industrial software company, pivoting from legacy industrials and manufacturing.

“India was traditionally known for offshoring software and engineering products… the company is now looking at more of deep technology and development of core products,” Busch said. “We believe that the DNA of Siemens is technology, and this is where the value of Siemens sits.”