Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI), a wholly owned subsidiary of Toshiba Corporation Japan, will invest an additional Rs.200 crore on its Hyderabad factory by 2017 as part of plans to develop the facility as a global manufacturing hub.
The fresh investment, on the back of the Rs.200-crore investment made on enhancing the production capacity for transformers and to manufacture new technology switchgears, is a component of its strategy to secure a 20 per cent market share in the Indian T&D market.
Chairman and Managing Director Katsutoshi Toda and senior executives of TTDI, in an interaction with presspersons on a visit to the plant, said that the focus was on adding to the product range. The new investments will result in creation of 1,000 more jobs.
Currently, 6,000 people are employed in the factory located at Rudraram, on the outskirts of the city. The TTDI was formed after Toshiba Corporation acquired the business of power and distribution transformers and switchgears from Vijai Electricals in December 2013. With only one-third of the 155 acres under use, the TTDI has enough space available for expansion.
The TTDI seeks to expand its business through full scale operations and provide cost-competitive products by localising procurement, design and manufacturing within India. Apart from small, medium and extra high voltage transformers, the factory manufactures switchgears and exports from the facility, to over 20 countries, that contribute to one-third of the total sales.
Among the products whose manufacturing begun in recent months or are proposed include Gas Insulated Switchgears, Solid Insulated Switchgears, ultra high voltage transformers up to 1200kV and surge arrestors.
Noting that India is a country of challenges and issues when it came to the energy sector, Mr.Toda said the TTDI sees in this a lot of opportunities to deploy Toshiba technology for improvement.
The company is working towards achieving 20 per cent market share target across all the segments as well as pursuing an aggressive 50 per cent of sales from exports, both by 2018, he said.
