In fiscal 2012 (October 1, 2011 – September 30, 2012), Siemens’ sales to customers in Bangladesh amounted to more than EUR 131 million and new orders totaled EUR 69.5 million. Siemens currently has about 110 employees in Bangladesh.

Siemens’ association with Bangladesh began in 1956, and the company has since been involved in a number of major modernization and infrastructure development programs. Siemens has been active in railway projects in the country since 1962. The company has long been a major player in the energy area. Siemens’ medical products, systems and solutions have been the country's technology of choice in the healthcare area.

The Energy Sector signed a contract with Hyundai Engineering Co. Ltd. to build a compressor station for Gas Transmission Company Limited (GTCL), a company belonging to Petrobangla, Bangladesh’s national oil company. Under the contract, Siemens will supply gas turbines and gas boosters for pipelines and provide all the technical services needed to complete the project.