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SVC to extend activities in India, China

Posted: 30 Mar 2006     Print Version  Bookmark and Share

Keywords:Siemens Venture Capital 

Siemens Venture Capital (SVC) has announced that it is extending its activities in India and China. According to the press release, SVC's goal is to identify and to finance investments in emerging and innovative technologies and market opportunities to enhance the core business scope of Siemens and create attractive returns on the capital invested. The investment focus covers critical infrastructure technologies in the field of information and communications, medical solutions, automation and control, power, automotive technology, transportation systems, and lighting.

"We are actively looking for interesting deals that fall within our investment focus. Our plan is to close at least two to three deals in China and India within the next 12 months," said SVC President and CEO Ralf Schnell.

Juergen Schubert, managing director of Siemens Ltd India, said that India has tremendous R&D strengths, including talented manpower. "It is also an emerging market with tens of thousands of young and highly qualified entrepreneurs, who have brilliant ideas and are looking for business partners. Which is why, through its venture capital activities, Siemens will actively support new business opportunities in order to leverage this vast potential to the fullest. In turn, this will significantly enrich our innovative competitiveness across the globe," Schubert said.

By leveraging the global power and resources of Siemens, said SVC, it offers entrepreneurs a greater market presence through access to Siemens sales channels, an enhanced credibility through the endorsement of its companies, and an expert input and feedback on technologies, markets and customer requirements.

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