FRANKFURT (MarketWatch) -- Siemens AG /quotes/comstock/11e!fsie (DE:SIE 65.61, -0.47, -0.71%) , the German electronics and electrical-engineering conglomerate, said Tuesday it will invest more than 250 million euros ($348 million) in India over the next three fiscal years through 2012, thereby doubling its current annual investments. A major part of the money will be invested in renewable energy and value-priced products business, Siemens said. The company wants to increase its market share in India to 10% by 2012. Siemens said it has recently signed orders totaling over 500 million euros, primarily for energy technology. "Like many other nations around the globe, India is facing a green revolution. We have the products and solutions for the country and we want to further expand our position as a green infrastructure provider in India," said Peter Loescher, president and CEO of Siemens AG.
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