German engineering conglomerate Siemens on Wednesday said it will invest one billion euro (over Rs 7,400 crore) in India and add 4,000 jobs under "Make in India" initiative.
After meeting Prime Minister Narendra Modi, Siemens AG President and CEO Joe Kaeser pledged "his support to Make in India initiative".
"Siemens is betting big on India with a plan to invest 1 billion euro and add 4,000 jobs to its existing workforce of 16,000 in the country," the company said in a statement.
Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalisation.
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One of the world's leading producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis.