AsianScientist (Sep. 6, 2011) – Hitachi, Ltd., headquartered in Tokyo, Japan, announced this week that it has identified India as a fifth key management area.
The move is part of Hitachi’s “New Globalization Plan,” and India is slated to join China, Southeast Asia, Europe, and the Americas as key management areas outside of Japan for Hitachi.
“India is demonstrating dramatic growth and we are confident that this new structure will support the growth momentum and enable us to respond more effectively to the unique local customers’ needs in India,” said Mr. Ichiro Iino, Managing Director, Hitachi India Pvt. Ltd..
“Hitachi India’s responsibilities and authority in the context of business operations will be expanded, and the company’s staff will be increased, mainly in the Corporate Division in order to support the smooth rollout of business at Hitachi Group companies – for example, by sharing accumulated expertise among the Hitachi Group companies,” he said.
Since it began Indian business operation in the 1930s, Hitachi has been involved in a variety of business activities, including the manufacture and sales of air conditioning equipments and construction machinery.
In 2010, Hitachi established BGR Turbines Company Pvt. Ltd. and BGR Boilers Company Pvt. Ltd. as joint ventures with a local company, and has been working to expand the thermal power business in India.
India is expected to see power plants, steel works, and petrochemical plants constructed as its economy grows rapidly. Moreover, demand is rising in the country for inverter systems and uninterrupted power supplies (UPS) to ensure stable operations, conserve energy, and handle power fluctuations at these plants.
Increased investment is also predicted in the renewable energy sector to create a low-carbon society while achieving economic growth.
In the Information & Telecommunication System business fields, an office of the Hitachi Research Institute, named “Economy and Industry Center,” was opened in Delhi in January 2011, and a new R&D base for the Information & Telecommunication Systems business field is scheduled to open in Bangalore by March 2012.
Hitachi’s expansion plans in India calls for consolidated sales growth of up to approximately 200 billion yen (US$2.6 billion) in the next few fiscal years within the Hitachi Group in India, whose sales for fiscal 2010 were approximately 90 billion yen (US$1.17 billion).
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Source: Hitachi, Ltd.
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