New Delhi :An official from Hitachi Energy, a technology company based in Switzerland, announced on Monday their intention to invest Rs 2,000 crore in India over the next 4-5 years. N Venu, MD&CEO of Hitachi Energy India, stated that the funds will be used to grow transformer capacity, enhance talent pool, and expand the company's portfolio in India and South Asia. Hitachi Energy India is a subsidiary of Hitachi Energy. He stated that an amount of Rs 2,000 crore will be invested in expanding the capacity of both large and small power transformers, as well as dry and traction transformers, over a span of 4-5 years.
Moreover, the investment will focus on enhancing insulation and components, as well as bolstering the company's current HVDC high voltage direct current capabilities. Venu said the focus will be on providing network control solutions to customers in industries, utilities, and transportation sectors. He stated that the company plans to invest Rs 400 crore annually for a period of 5 years. Venu stated that the company is exploring all possibilities for funding, including raising funds from the markets.
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