Hitachi Energy has announced plans to invest $250 million (INR 2,000 crores) in its operations in India over the next five years, contingent on maintaining current market trends.
This investment will focus on increasing capacity at its large power transformers factory, enhancing testing capabilities for specialty transformers at its small power transformers facility, and relocating its bushings factory.
The company views these investments as critical to supporting India's growing transmission infrastructure and meeting the increasing demand for energy, particularly in the renewable sector.
This local commitment aligns with Hitachi Energy's broader $6 billion global investment strategy in manufacturing, digital transformation, research, and partnerships.
Andreas Schierenbeck, Global CEO of Hitachi Energy, emphasized the significance of the initiative, stating, “The energy challenge before us is bigger than one company, one team, and one individual. As the energy transition gathers pace with increased electrification and integration of renewables, power grids are becoming increasingly significant both from a capacity and complexity perspective. We remain focused on advancing a sustainable energy future for all, and India is an important market in our effort to make the world's energy system more sustainable, flexible, and secure.”
The planned investments are set to contribute to the advancement of India's energy infrastructure while promoting sustainable development.
