Invest News DetailStar - Siemens, Germany’s one of the largest enterprises with operations in industrial production, energy and healthcare, may produce high-speed trains in Turkey. Cuneyt Genc, the Director of the Siemens Turkey High-Speed Trains Department, said that Siemens is seeking to produce high-speed trains in Turkey. Attending the Eurasia Rail 2011 fair in Ankara, Genc spoke of Siemens’ high-speed train Velaro, which he proposed to produce in Turkey, adapted for Turkey’s needs. “We do not intend to sell the train set but to transfer technology and production,” said Genc, adding that Siemens could spare a budget of EUR 50 million for the project. “The 400 km/h trains could be produced in Turkey with an initial 20 percent of local contribution, which can gradually rise to over 50 percent,“ he said.