Siemens is setting-up of a greenfield power transformer factory at its Kalwa complex near Mumbai. According to a release issued by Siemens to the BSE, the company has earmarked an investment of Rs 150 crore for the new factory.The new factory, which is spread over an area of 40,000 square meters, will provide direct employment to about 500 persons and another 1,000 are expected to get indirect employment opportunities, the release said. The new factory is the company's eighth manufacturing facility in Maharashtra, fifth in the Kalwa complex and the third within its power transmission and distribution (PTD) division, the release added.
