AsianScientist (Oct. 17, 2011) – Global electronics company Hitachi, Ltd. has announced the opening of its first research base in India.
The Hitachi India R&D Center in Bangalore will be directly operated by Hitachi India Pvt. Ltd., the regional headquarters for Hitachi Group operations in India. Starting with about ten researchers, Hitachi India aims to double this number by FY2015 through local employment.
The Center will focus on market-oriented technology development to support the entry and expansion of Hitachi Group companies in India. In the future, the center will conduct R&D for the Asian Belt Zone in collaboration with Hitachi Asia R&D Center, based in Singapore.
In April 2011, Hitachi undertook an overhaul of its R&D structure to create an organization for the global expansion of Hitachi’s Social Innovation Business by reorganizing and integrating its eight domestic laboratories into three laboratories and increasing its overseas research personnel.
In June 2011, Hitachi set out a “New globalization plan” based on six centers located worldwide, in Japan, North America, Europe, China, South-east Asia, and India.
The plan targets Hitachi Group consolidated revenue in India to increase to approximately 200 billion yen (US$2.6 billion) in the next few fiscal years from the FY2010 revenue of approximately 90 billion yen (US$1.17 billion).
Local production and joint businesses with local partners have already commenced in business areas such as construction machinery, air-conditioning equipment, thermal power generation, and information control systems.
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Source: Hitachi, Ltd.
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