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.»
This part of the business is relatively small but growing rapidly, the CEO said. «We are currently sitting on₹6.5 billion of software and digital business revenues out of a total ₹75 billion for the group. So there's still a way to go, but this part grows faster,» said Busch.
Siemens has invested 12-13 billion euros to build up its software portfolio over more than a decade, and will continue to expand it.
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The company also has a global collaboration with Microsoft for generative artificial intelligence (Gen AI) and is working on developing a version of Copilot that allows the use of spoken English on the shopfloor to programme robots, Busch said. Microsoft Copilot is a Gen AI chatbot developed by Microsoft.
«This is the power of large language models (LLMs), because they make AI technology accessible with your
