Japan's engineering and electronics major Hitachi would expand its construction machinery and power electronics products business in Africa, Middle East and South East Asia by making India a base for these segments.
The group, which plans to invest 70 billion Yen (Rs 4,700 crore) by the financial year 2015-16, would bolster the businesses supported by production for consumption in India by increasing localisation component, said Hitachi Executive Vice President and Executive Officer Junzo Nakajima.
"We would strengthen the partnership with the local India partners and as a part of that, human resource pool of the India would be utilized for that," said Nakajima.
"Keeping these bases in India, we would like to expand our business in Africa, Middle East and South East Asia," Nakajima said here during a press meet at Hitachi Social Innovation Forum.
SOURCE: The Economic Times
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