- 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
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.
Toshiba in India
Toshiba has a long established relationship with India, one that dates back to the 1960s and the supply of hydroelectric power plants. That was extended to thermal power plants in the 1990s. In September 2001, seeking to build a stronger presence, Toshiba established Toshiba India Private Ltd., which today promotes a wide range of electronics products and solutions, including consumer electronics. The company now has 10 group companies, with over 3,000 employees as end of March 2013.