Toshiba to Invest $30 million in India

Toshiba’s strategic move is to invest in its Hyderabad factory to increase the market share in India.

India: Japanese multinational company Toshiba, a wholly-owned subsidiary Toshiba Transmission & Distribution, plans to invest at its Hyderabad factory in India.

Toshiba Transmission & Distribution System group is a leading company in the world in terms of supplying of integrated solutions for energy Transmission & Distribution (T&D). In India, Toshiba currently manufactures small, medium and extra high voltage transformers. 

Since their inception in India, Toshiba has always brought new technology products and solutions in India and with this step, the company plans to make TTDI as a hub for production for ASEAN, Europe and Africa.

According to TechSci Research, the company’s plan to invest in India is a strategic move, keeping in mind the low production and variable cost, the investment in India would help them to increase their share in Indian market. Besides this, it will also help them to boost up their production level to meet the local and global demand.

Company’s investment is in line with central government” Make in India” campaign and will benefit them to expand their business in Indian market.