Siemens, the German engineering group, is investing about €3bn ($3.7bn) in India, China, Russia and Brazil over the next three years in a drive to produce technology especially adapted for a quick roll-out in emerging markets.
The high-growth markets of India and China are receiving the lion's share of the investment, with close to €1bn each, followed by Brazil and then Russia.
Armin Bruck, managing director of Mumbai-based Siemens Ltd, the Indian subsidiary of the Munich-based parent company, said his company was working on 42 products.
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