Indian economy to play an instrumental role

By Swati Deshpande,

Added 19 July 2016

Tomohiko Okada, Managing Director, Toshiba India Pvt Ltd (TIPL) says, infrastructure growth in India is pivotal and requires a major overhaul to meet the exponentially increasing domestic demand.

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Can you please elaborate on Toshiba's business in the railways and metro sector in India?
Toshiba has vast experience of delivering various projects in the space of mainline railways and MRTS application worldwide. We are well poised to replicate that success story in India as well.

Currently, Toshiba is engaged in developing and delivering state-of-the-art technology systems and solutions for railway and metro sector in the country through our business partners. In the metro business, we are delivering HVAC
system for DMRC rolling stock (RS10) project and our state-of-the-art technology propulsion system for a Kolkata Metro PJ owned by Indian Railways. Similarly, for mainline railways, we are developing propulsion equipment for a technology up-gradation project of Chittaranjan Locomotive Works (CLW) for their three
phase 6,000 HP electric locomotives.

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There has been an immense emphasis on the infrastructure in India since couple of years. How does it boost the sector and hence, ultimately your business?
Indian economy is projected not only to grow domestically but also to play an instrumental role in sustaining the global growth in the times ahead; and that calls for a robust infrastructure to sustain such amplitude of economic growth. Otherwise too, infrastructure growth in India is pivotal and requires a major overhaul to meet the exponentially increasing domestic demand.

Transportation system, especially railways, forms an essential element of the infrastructure in most of the countries, and also in India. It is all the more important to leverage Indian Railways' potential to meet the global sentiment and stimulate its own growth significantly.

The current government is taking necessary steps in that direction by expediting on projects like dedicated freight corridors, high speed rail projects, new metro systems in cities having population of more than three million., which are going to throw up new business opportunities for companies like Toshiba that are investing in building skills and facilities in India to serve the market.

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