Prime Minister invites Siemens to establish R&D center in Pakistan

Prime Minister invites Siemens to establish R&D center in Pakistan

Prime Minister Shahid Khaqan Abbasi has held a meeting with Mr. Joe Kaeser, CEO of Siemens AG, at the World Economic Forum (WEF) in Davos on today (Wednesday). Special Assistant to PM Mr. Ali Jehangir Siddiqui and senior government officials were also present.

The Prime Minister appreciated the very long association of Siemens AG with Pakistan, particularly in the Power generation and distribution sectors. Cooperation for advanced education and training opportunities of young Pakistani engineers in the field of electrical engineering, seismic data processing and research & development (R&D) were discussed during the meeting.

The Prime Minister invited CEO Siemens to consider establishment of an R&D center in Pakistan and committed full government support and facilitation in this regard. The Prime Minister informed CEO Siemens of the vast opportunities emerging out of massive infrastructure and energy development during last four years and invited to help Pakistan in digitizing the Power generation, transmission and consumption data as well as Gas transportation and compression data which can bring a lot more transparency into the system.

The PM assured Siemens of complete support for any such initiatives. CEO Siemens offered to bring in an integrated technology, training, HR Development and financing solutions for both Power and Gas sectors and also to further strengthen thier presence in Health and Education sectors.

Siemens AG is a global powerhouse in electrical engineering and electronics and it was incorporated in Pakistan in 1953. Currently, Siemens is providing machinery and equipment for the 1263 MW Jhang Power Plant and has recently won the Jamshoro Coal turbine contract.