22 Nov Healthcare and infrastructure focus of Siemens Financial Services
According to reports, sectors like healthcare, infrastructure, energy and industry will be the focus of Siemens Financial Services, which started its Indian operations in May this year.
An initial investment of $50 million from its parent company, Siemens AG has been utilized in setting up of the non-banking financial company.
Possibility for Siemens to combine technology with financial solutions will increase with the commercial finance business, said Mr Roland Chalons-Browne, CEO of Siemens Financial Services. The NBFC would also target financing third party products on the way.
The CEO said that the initial investment should suffice for about a couple of years after which the company would look at other methods of raising resources.
According to Mr Sunil Kapoor, CEO, Siemens Financial Services India, the presence of the company is in seven locations and has financed 50 clients in the healthcare space, so far.