Having signed a memorandum of understanding (MoU) with the Gujarat government, leading Japanese player into sanitary ware and bath fittings, Toto, is set to manufacture sanitary wares at Halol, near Vadodara.
To be set up at an investment of Rs 380 crore (approx. US$ 76 million), the first manufacturing plant for company in India, will have an annual capacity of 500,000 units in first phase. The plant is being planned in three phases and will provide employment to 500 people. The MoU was signed between Mukesh Kumar, MD, iNDEXTb and Toshikatsu Kondo, Project Leader of Toto India Pvt. Ltd.
Toto intends to complete proposed investment by 2013 and commence commercial production by July, 2014. One of the largest plumbing products manufacturers, TOTO offers sanitary products. According to estimates, the market for the range Toto caters to is estimated to be about $500 million (Rs 2,500 crore approx.) in India and expected to grow at a healthy pace. A Japanese delegation led by Japan External Trade Organisation (JETRO) visited Hitachi's plant and other sites in industrial zones in Kadi. Considering the influx of Japanese investments in the coming years, the state government plans to set up special Japanese townships around the Dholera SIR.
