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Toshiba Announces Social Infrastructure Strategy Grounded in Expansion from India to the World
- Plans to invest over Rupees 3000 crores in India over next 5 years
- Targets a sales of Rupees 18000 crores from India by 2017
- Plans to more than double the number of employees in India to 8000 employees
14 Feb, 2014
Delhi, India—Toshiba Corporation (TOKYO: 6502) today announced a
comprehensive strategy for expanding its social infrastructure business
in Asia and around the world that positions India as a strategic
business hub. On his maiden visit to India, Toshiba’s President and CEO,
Mr. Hisao Tanaka, along with the top executives of the company, shared
the Group’s roadmap for Indian continent.
Sharing the details on infrastructure technologies and know-how that
Toshiba will deploy in India in support of building a better future, Mr.
Tanaka explained the range and diversity of the company’s business,
particularly its expertise in key areas of social infrastructure.
A Vision for India and the Future
Underlining Toshiba’s commitment to India, Toshiba President and CEO,
Mr. Hisao Tanaka said, ”For Toshiba, India is important not only as a
market, but also as a strategic export and development base with highly
talented people. Toshiba will position India as a strategic world
business hub in its thermal power, energy transmission and distribution
equipment, water and waste-water treatment, and software development
businesses. In the five years from FY2013 to 2017, the company will
invest over 500 million USD, equivalent to 30 billion rupees in India,
and create employment for over 5,000 people.”
Mr. Tanaka was joined by three top executives, who explained their
strategic plans for India and Toshiba’s comprehensive solutions in three
areas crucial for building a better tomorrow: ‘Making Energy’,
‘Transmitting and Storing Energy’ and ‘Smart Use of Energy’.
Making Energy: Power Generation Systems
Mr. Yasuharu Igarashi, Executive Officer and Corporate Executive Vice
President responsible for Toshiba’s Power Systems business explained a
regional and global expansion plan centering on Toshiba JSW Power
Systems Private Ltd., joint venture corporation with JSW Group, one of
India’s leading conglomerates, with a turbine manufacturing plant in
Chennai. The company is currently manufacturing five supercritical
turbines and generators ordered by NTPC Ltd. and others. The Company’s
end-to-end integrated capabilities cover engineering, manufacturing,
procurement, construction and services, allowing it to offer EPC
(engineering, procurement and construction) system in India and the
surrounding areas.
Looking to the future, particularly in Southeast Asia, the Middle
East and Africa, where many major thermal power generation projects are
planned, Toshiba will reinforce and expand its thermal power business in
India and the wider region in cooperation with Toshiba’s global
engineering function in Japan.
In the field of hydroelectric power generation, Toshiba is also eager
to contribute to the development of India by deploying Toshiba Group’s
comprehensive capabilities. Through cooperation with plant engineering
company TPSC India, Toshiba will offer one-stop solutions covering
engineering, manufacturing, procurement, commissioning and services in
India.
Transmitting and Storing Energy: Social Infrastructure Systems
Mr. Toshio Masaki, Executive Officer and Corporate Executive Vice
President responsible for Toshiba’s Social Infrastructure Systems
business, shared Toshiba’s Group’s integrated capabilities that allow it
to offer one-stop solutions for India’s energy grid. Toshiba
Transmission & Distribution Systems (India) Pvt. Ltd., 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.
Smart Use of Energy: Community Solutions Systems
Mr. Shinichiro Akiba, Executive Officer and Corporate Senior Vice
President responsible for Toshiba’s Community Solutions Business,
offered a vision of the global realization of a sustainable next
generation society grounded in innovative community solutions. Community
solutions systems cover key areas of daily life, including water and
environment systems, building and elevator systems, lightning
technologies and air conditioning. In this key business area, Toshiba
has been promoting business with highly capable and experienced Indian
partners. For instance, Toshiba Johnson Elevators (India) Pvt. Ltd was
established in October 2012 as a joint venture with Johnson Lifts
Private Limited, a company with over 50 years of history and the No.1
share in India. This alliance will strengthen growth and expand
operation in the Indian lift market. Most recently, in December 2013,
Toshiba agreed to a strategic alliance with UEM India, a provider EPC
services for water and wastewater treatment, operation and maintenance
in India and the world market.
“Toshiba targets a sale of US$3billion,
approximately 180 billion Rupees 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% of the sales growth and
employment creation will come from infrastructure-related businesses”, added Mr. Tanaka.
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