Siemens to invest Rs 3 b in Gujarat

Siemens Ltd said on Thursday, that it intends to invest Rs 2.75 billion for expansion of its steam turbine making unit in Gujarat.
The company’s steam turbine unit at Vadodara currently makes industrial steam turbines of up to 45 MW. After the expansion, this would increase to 100 MW, it said in a release. The expansion will strengthen company’s exports markets in Asia, Europe and Africa, apart from catering to domestic market, the company said. The expansion is expected to completed by 2010 and provide employment to 200 people.