| Press release March 3, 2008 |
Voith Siemens Hydro Power Generation: Growth of the Indian market reflected in growth of Voith Siemens Hydro’s Indian Operating Unit Heidenheim, Germany/Noida, India: A new office for Voith Siemens Hydro’s growing Indian Operating Unit was officially inaugurated in the presence of Dr. Hubert Lienhard, the CEO of Voith Siemens Hydro, in a colourful traditional ceremony. Five and a half years ago, there were seven employees starting to set up Voith Siemens Hydro’s Operating Unit in New Delhi. Today, 120 members of staff are engaged with the growing number of Indian hydro power projects. Obviously, this growth comes hand in hand with the need for space. The new location is to be found in Noida, an upcoming south-eastern suburb of Delhi. On the occasion of his speech in the new premises, Dr. Lienhard emphasized the importance of the Indian market for Voith Siemens Hydro and of the company’s closeness to its customers which guarantees both better service as well as opti-mal access to local resources. India is one of the major markets for hydro power and has been growing continu-ously for years. The country’s economic growth rate currently runs at nine per cent. The country utilizes hydro power for more than 110 years. But still only 30 per cent of its hydro power potential have been utilized so far. India is now run-ning an electrification program called “Power for all” which aims at supplying all Indian villages with electricity by 2012. Voith Siemens Hydro Power Generation is a Group Division of Voith and - with a workforce of around 3,000 employees and an order intake of more than 1 billion Euros in the past business year. Voith Siemens Hydro Power Generation belongs to the world-wide leading companies for hydro power equipment. Voith is setting standards in the markets paper, energy, mobility and service. Founded on 1 January 1867, and nowadays with approximately 37,000 employ-ees, a turnover of 4.1 billion Euros and more than 270 locations worldwide, Voith is one of Europe’s large family-owned companies. Voith is an official partner of the initiative “Germany - Land of Ideas.” |
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Barbara Fischer-Aupperle Voith Siemens Hydro Power Generation GmbH & Co.KG | Alexanderstraße 11, Heidenheim | Germany Tel +49 7321 37-6848 | Fax +49 7321 37-7828 E-Mail barbara.fischer-aupperle@voith.com |
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