PANAJI: In the coming 20 years India will spend $1.2 trillion in the development of its cities to meet the growing urbanisation from the rural, equivalent to $134 (Rs 6,524.55) per capita per year, compared with the $17 spent today, said a McKinsey & Company in Mumbai.

To meet the short supply of urban planning expertise in Indian cities, CEO, Infrastructure and Cities at Siemens Ag, Dr Roland Busch said Siemens has thought of how to generate investment worth billions of dollars from two green field factories set up on a 18,000 sq metres land in Verna Industrial Estate at a cost of Rs 200 crore.
Dr Busch said these factories have started trial runs producing a range of products for power distribution of industries, utilities, power plants, infrastructure and cities.
The products include medium voltage gas-insulated switchgears of up to 36KV, primary distribution switchgears, locally-developed products like ring main units (RMU) and compact substations (CSS) for power distribution, numerical protection relays, tele-control devices for smart grids, electromechanical auxiliary and trip relays. The factories will have in-house Research and Development units.
The Energy Automation factory is the first such facility outside Europe and third in the Siemens group, after Germany and UK, while the Medium Voltage factory will be the third for Siemens after Germany and China. Siemens has projected a turnover of Rs 200 crore in the first year, and thereafter Rs 400 crore every two years, he said.