Toshiba Transmission & Distribution Systems (India) today announced completion of a major 3-billion Yen investment (around USD 30 million) at its Hyderabad factory, an expansion which would enable it in meeting the growing domestic and global demand.
The investment has boosted production capacity for transformers up by 50 per cent and established a new line for production of 'New Technology' switchgears like gas insulated switchgears and solid insulated switchgears.
The expansion would allow Toshiba Transmission & Distribution Systems (India) (TTDI) to meet growing demand in India and globally, said the wholly-owned subsidiary of Toshiba Corporation Japan.
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Toshiba Transmission & Distribution System group is a world leader in the supply of integrated solutions for energy Transmission & Distribution (T&D).
Chairman & Managing Director of TTDI Katsutoshi Toda said since the foundation of TTDI, the company has always endeavoured in introducing new technology products and solutions, and improving product quality through technology transfers from Japan.
"In line with our 'Make in India' commitment, we have augmented capacity of existing lines and commenced new production lines with 3-billion Yen investment. TTDI will seek to expand its business through full-scale operations and provide cost-competitive products by localising procurement, design and manufacturing within India," he said.
TTDI currently manufactures small, medium and extra high voltage transformers.
"The comprehensive upgradation and expansion is as per our strategy of securing a 20 per cent share of the Indian T&D market in the coming years. We will also reinforce TTDI as a core T&D production base for other major markets, including Europe, ASEAN, and Africa," Toda added.
