Siemens sees signs of revival of private capital expenditure in India

Siemens is betting big on India as it sees signs of revival of private capital expenditure in India, according to the company’s top officials. Siemens on Thursday announced the opening of four digitisation centres in India. 

“We are beginning to see private capital expenditure coming back into the system. These are more than just greenshoots,” said Sunil Mathur, managing director and chief executive officer for Siemens India. 

India’s private capital expenditure has been muted for the last three to four years time, largely owing to less than anticipated demand and over-capacity.  Mathur added, the company has seen inquiries and a