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India beckons Toshiba

By Niranjan Mudholkar,

Added 10 March 2014

With plans to invest over Rs3,000 crore in India over next five years, for Toshiba, India is important not only as a market, but also as a strategic export and development base.

Toshio Masaki, Executive Officer and Corporate Executive Vice President responsible for Toshiba's Social Infrastructure Systems business, shared Toshiba's Group's integrated capabilities. Toshiba Transmission & Distribution Systems (India), a company built around the acquisition of Vijai Electricals Ltd's power transmission and distribution businesses in December 2013, and reinforced with Toshiba's know-how from Japan, provides Toshiba with a platform for a full-scale entry into India's T&D market.

The company will offer Toshiba's latest design, development and production capabilities in order to supply a wide range of T&D products in India and beyond, in the wider global market. The company will also supply compensators for high voltage networks and railway power supply systems in India.

Shinichiro Akiba, Executive Officer and Corporate Senior Vice President responsible for Toshiba's Community Solutions Business, offered a vision of the global realisation of a sustainable next generation society grounded in innovative community solutions. In this key business area, Toshiba has been promoting business with highly capable and experienced Indian partners. For instance, Toshiba Johnson Elevators (India) was established in October 2012 as a joint venture with Johnson Lifts. This alliance will strengthen growth and expand operation in the Indian lift market.

"Toshiba targets a sale of US$3billion, approximately Rs180 billion in FY2017 from the India region, some seven times the current level. Employment will also grow with this expansion. By FY2017, Toshiba expects to employ about 8,000 people in India, 2.5 times the current figure. Over 70 per cent of the sales growth and employment creation will come from infrastructure-related businesses," added Tanaka.

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