To Serve the Growing Indian Market and
Markets in the Middle East and Africa
07 April 2016 - TOKYO - Toshiba Corporation (TOKYO: 6502), a world leader in advanced
electrical equipment for locomotives and rolling stock, today announced that it will
establish a new production facility for electrical equipment for railway systems in
Hyderabad, India for expanding its commitment to India and its ability to supply
international markets.
The new unit will manufacture power conversion systems and train control systems
that provide overall operation management. It will be built by Toshiba Transmission
& Distribution Systems (India) Pvt. Ltd. (TTDI), which will establish a new,
dedicated railway systems division to promote the business. Production is planned to
start in April 2017, and will be expanded to match demand. TTDI expects the plant
to have over 100 employees by 2020.
Locating production in India will allow Toshiba and TTDI to better understand and
meet local market requirements, improve parts supply and maintenance capabilities,
and also win cost benefits that will increase competitiveness, both in India and wider
markets. 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.
Commenting on the decision, Dr. Katsutoshi Toda, Chairman & Managing Director,
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 endeavor to enhance our global competitiveness."
India has long relied on railways to knit together the country, and its current high
economic growth is stimulating demand for modernization. Demand for railway
transportation is increasing rapidly, led by government-led construction of dedicated
freight corridors and an ever expanding reliance on subway systems in major cities.
By establishing a new manufacturing base, Toshiba considers India as one of the
important markets with significant growth potential. The company looks forward to
accelerating global expansion of its railway systems business through its highly
reliable technology and service offerings.
About Toshiba
Toshiba Corporation, a Fortune Global 500 company, channels world-class
capabilities in advanced electronic and electrical product and systems into three
focus business fields: Energy that sustains everyday life, that is cleaner and safer;
Infrastructure that sustains quality of life; and Storage that sustains the advanced
information society. Guided by the principles of The Basic Commitment of the
Toshiba Group, "Committed to People, Committed to the Future", Toshiba promotes
global operations and is contributing to the realization of a world where generations
to come can live better lives.
Founded in Tokyo in 1875, today's Toshiba is at the heart of a global network of
over 580 consolidated companies employing 199,000 people worldwide, with annual
sales surpassing 6.6 trillion yen (US$55 billion). (As of March 31, 2015.)
To find out more about Toshiba, visit www.toshiba.co.jp/index.htm
