MUMBAI (Reuters) - Japan's Toshiba Corp <6502.T> said on Friday it plans to invest 30 billion rupees in India over the next five years to expand its businesses in the country.
Toshiba will position India as a strategic business hub in its thermal power, energy equipment, water treatment and software development businesses, Chief Executive Officer Hisao Tanaka said in a statement.
The company said it is targeting sales of 180 billion rupees from India by 2016/17, about seven times from the current level. It expects to employ 8,000 people in India by then.
(Reporting by Prashant Mehra; Editing by Subhranshu Sahu)
