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Hitachi to invest 70 billion yen in India by 2016

illusion8

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India is a huge country and when we had our first board meeting outside Japan, it was in India. We aim to invest around 70 billion yen (Rs 4,500 crore) by 2015-16. At present, we have three manufacturing plants in the automotive sector. But exporting products is not our case. We want to set up a full body chain, which will mean procurement, designing, manufacturing, quality assurance, delivery and maintenance.

Banking is one sector where our social innovation approach seamlessly fits in the Indian context. So , not only we are looking to provide the ATM machines but the whole IT system including cash dealing services.

We would like to set India as base of data analysis, cloud services and other similar segments. We have fixed an India strategy till 2015-16 and target to treble our revenue from India to 300 billion yen (about Rs 20,000 crore). ..

Read more at: http://economictimes.indiatimes.com/opinion/interviews/we-aim-to-invest-70-billion-yen-in-india-by-2016-hiroaki-nakanishi-hitachi/articleshow/25609020.cms
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