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Lothar Herrmann comments on factors likely to affect economic growth in 2011 [The Business Times, 29 Nov 2010]

Updated On: Nov 29, 2010

FROM my perspective, I believe that the key drivers for growth will be associated with societal
concerns on the environment and climate change, the impact of a rapidly ageing population, the need to increase industrial productivity, better use of scarce resources, and energy efficiency. There is a realisation, here in Singapore and in the region, that the days of 'growth at any cost' are over.

We also know that more and more people are migrating from the countryside to urban centres, putting tremendous demand on cities, their healthcare, energy, and transportation systems. To meet these concerns, Siemens is rapidly expanding its environmental portfolio as well as products and solutions to ensure affordable healthcare, increased productivity in industry, as well as efficient energy production and its usage.

- Lothar Herrmann, President & CEO, Siemens Pte Ltd




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