Siemens granted non banking finance license in India

“This represents a major milestone in the development of Siemens Financial Services in the Asia Pacific region. India is a highly dynamic market with a growing demand for financing in many key segments,” said Axel Scholz, CEO of Siemens Financial Services Commercial Finance Asia Pacific. “With the non-banking finance company licence, we will be able to offer a range of value added financing solutions to Siemens customers, as well as working with third party vendors and business customers on a direct basis.”  

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The Siemens division Financial Services (SFS) is a global provider of financial solutions in the business-to-business area. With over 2,000 employees and an international network of financial companies, SFS supports Siemens as well as non-affiliated companies, focusing on the three sectors of energy, industry and healthcare. SFS finances infrastructure, equipment and working capital and act as a competent manager of financial risks within Siemens. For more information see: www.siemens.com/finance.