Industry 4.0: India Has Everything To Be Successful
Germany based global engineering major Siemens AG, with revenues in excess of 83 billion Euro, has regrouped its industry verticals into three operating companies Gas & Power, Digital Industries and Smart Infrastructure. Cedrik Neike, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure, spoke to Business Today's P.B. Jayakumar at Hannover in Germany on how the company is reinventing itself with newer technologies and opportunities unfolding for countries such as India. Cedrik who started his career with Siemens and later worked with communication specialists like Cisco before rejoining has extensive knowledge of Indian businesses and was part of the core team that rolled out Jio in India. Edited excerpts:
Siemens is reinventing itself to face future challenges. What are the changes we are witnessing?
If you look at our past, we were a conglomerate in different areas. We want to be more focussed on key markets and be some sort of a king in those markets. Take renewable energy, for which we created Siemens Gamesa. We want to be on top in the health care market and that's why we have listed the health care business. In mobility, we have a fantastic asset at the moment. We are looking for capabilities. Internally, we are focussed on tapping opportunities in fossil based energy. Digital industries are all about making processes in manufacturing as efficient as possible. I am handling smart infrastructure, a
