German technology major Siemens AG on Thursday welcomed the government's decision to cut the corporation tax rate and said it will ensure more investment in the country.

In an interview to CNBC-TV18's Shereen Bhan, Joe Kaeser, president and chief executive officer, said, "If you have to give advice to the government in India or to the Prime Minister, I would say continue to build the infrastructure."

Kaeser said, "I believe the most compelling areas definitely is renewable energy, where Siemens is very well established and we continue to serve the markets not just by local employment but also by innovation."

First Published:Oct 31, 2019 11:26 PM IST