Toshiba is planning to build a new production facility for electrical equipment for railway systems in Hyderabad, India, in order to expand its commitment to the country.
Built by Toshiba Transmission & Distribution Systems (India) (TTDI), the new facility will manufacture power conversion systems and train control systems that provide overall operation management.
Go deeper with GlobalData
In order to promote the business, TTDI intends to establish a new railway systems division.
The new facility is expected to start production next April and TTDI expects it to have more than 100 employees by 2020.
According to Toshiba, locating the plant in India would allow the company to better understand and meet local market requirements, improve parts supply and maintenance capabilities, and also win cost benefits that will increase competitiveness, both in India and wider markets.
TTDI chairman and managing director Dr Katsutoshi Toda said: "We will grow the new manufacturing base with investments that, I hope, will provide employment and contribute to ‘Make in India’ for India’s industrial development. We will also endeavour to enhance our global competitiveness."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn the future, TTDI expects the new facility to grow as a manufacturing base that also meets demand in the Middle East and African markets.
The establishment of a new manufacturing base in India will help Toshiba to accelerate global expansion of its railway systems business through its highly reliable technology and service offerings.
