Image courtesy of Toshiba India
Toshiba plans to build a new production facility to manufacture electrical equipment for railways in Hyderbad, India. The Toshiba Transmission & Distribution Systems (TTDI) facility will build power conversion systems and train control systems from April 2017, employing more than 100 people by 2020.
The move comes as part of Toshiba’s advance into the Indian railway market. By improving its supply of parts and maintenance services, it is expected that the plant will improve Toshiba’s market share on the subcontinent, as well as serving as a hub for the Middle East and African markets.
Dr. Katsutoshi Toda, Chairman & Managing Director of TTDI, said:
“We are delighted to step forward and add a new and promising business to our portfolio. 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.”
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