Toshiba to set up rail systems equipment facility in Hyderabad

Image
Press Trust of India Hyderabad
Last Updated : Apr 07 2016 | 4:22 PM IST
Toshiba Corporation today announced that it would establish a new production facility of electrical equipment for railway systems in Hyderabad to expand its commitment to India and its ability to supply international markets.
The new unit would manufacture power conversion systems and train control systems that provide overall operation management.
It will be built by Toshiba Transmission & Distribution Systems (India)(TTDI), which would establish a new, dedicated railway systems division to promote the business.
Production is planned to start in April 2017, and would be expanded to match demand. TTDI expects the plant to have over 100 employees by 2020, according to a Toshiba statement.
Locating production in India would allow Toshiba and TTDI to better understand and meet local market requirements, improve parts supply and maintenance capabilities, and also win cost benefits that would increase competitiveness, both in India and wider markets, it said.
Looking to the future, TTDI expects the new facility to grow as a manufacturing base that also meets demand in the Middle East and African markets.
TTDI CMD Katsutoshi Toda said: "India is an exciting, growing market that is committed to robust, long-term investment, especially in electricity and transportation infrastructure, and we are strongly committed to the country across our business lines.
"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," he said.
By establishing a new manufacturing base, Toshiba considers India as one of the important markets with significant growth potential, the statement said, adding that the company looks forward to accelerating global expansion of its railway systems business through its highly reliable technology and service offerings.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 07 2016 | 4:22 PM IST

Next Story