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Article: India: Siemens expects new orders worth USD $20b from global stimulus programs.
- Article from:
- TendersInfo
- Article date:
- June 23, 2009
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Byline: shiv03
Siemens expects to win new orders of around USD $20b in the next three fiscal years 2010 until 2012, which will be generated by government stimulus programs already announced around the world. Green technologies are expected to account for 40 percent or approximately INR 400 billion of this total, which will significantly increase the share of the company s revenues from its environmental portfolio in the future. Siemens based this forecast on an initial systematic analysis of the largest stimulus programs.
"With their programs, governments worldwide are sending the right signal. Against the backdrop of the worst global economic crisis in ...