SIEMENS Set To Invest EUR100 Million In Malaysia

Courtesy to Siemens, I was invited to the press conference where the President and CEO of Siemens AG, Mr. Joe Kaeser and Siemens Malaysia President and CEO Mr Prakash Chandran made a public announcement of investing EUR 100 million into Malaysia. 

Siemens is not a new name to use. Being a global powerhouse positioned along the electrification value chain, Siemens is set to invest EUR100 million worth of software grant to local universities and colleges to boost re-skilling and increase training capability in preparation for the next industrial age in Malaysia.

Press Conference by Siemens announcing the investment worth EUR100 million

on software grant to local universities and colleges 

Lucky you, Malaysian university and college students! The software grant, which is set to empower Malaysian university students on digitalization, was announced following a high-level meeting and courtesy call paid to the Prime Minister of Malaysia Dato' Seri Najib Tun Razak, the Minister of International Trade & Industry (MITI) II Datuk Seri Ong Ka Chuan and the Minister of Transport Datuk Seri Liow Tiong Lai on 13 April 2017.

President and CEO of Siemens AG, Mr. Joe Kaeser

Mr Kaesar mentioned that Siemens can provide first-class help on establishing software tools for the industrial Internet to be applied to areas of manufacturing like Industrie 4.0, and will willingly grant the sum of EUR100mil worth of software to universities and colleges so that the young generation can learn to simulate in the virtual world of manufacturing.

We are all aware of Siemens' global network of innovations and local ability to provide the full spectrum of services in three core competencies / portfolio of Electrification, Automation, and Digitalization. Hence, Siemens is well-positioned to provide the solutions needed to meet the requirements of tomorrow, in line with the Prime Minister’s new 30-year transformation plan, Transformasi Nasional (TN50) which is to strengthen the digital economic hub in the country.

Siemens' tagline: "Ingenuity for life"

Mr Kaesar added that Siemens sees lots of good opportunities in Malaysia to further expand  their resources. With the Prime Minister, they also discussed the future of the country and the digital age of how the whole industrial revolution is going to be implemented in this country, and ways on how Siemens can partner leading customers and leading universities to help embrace the Fourth Industrial Revolution. 

As a world leader in manufacturing and automation, and the biggest supplier of industrial software with revenue of about EUR5 billion globally and EUR879 million in Malaysia last year, Siemens treats digitalization as their new focus. Hence, Siemens believes it is important to invest in software skills to train the students in the next generation of engineering. 

Mr. Prakash Chandran, President and CEO of Siemens Malaysia

Mr. Prakash Chandran, President and CEO of Siemens Malaysia who was also present at the press conference, commented:

“Since our presence here in Malaysia for more than 100 years now, we ensure that we provide support where it is needed the most - including providing access to education, state-of-the-art technology and sustaining communities. Siemens invests about 6% in research and development every year, and we bring the state-of-the-art technology, be it with the MRT, LRT double-tracked rail projects.”

My fellow blogger friends and I at the press conference.

Siemens will also focus on developing even more efficient mass mobility as well as smart grid opportunities to increase national electrification coverage with new generation capacities through efficient alternative solutions aided by digital intelligence.

Thanks Siemens for the continuous contribution to Malaysia's dynamic, economic and social growth! This is certainly a great news for the young generation and we look forward to more collaborations between Siemens and the government for future growth.