Hitachi, Ltd. and Hitachi India Pvt. Ltd. announced that Hitachi Group will host the “Hitachi Social Innovation Forum New Delhi” in the capital of the Republic of India (“India”) as part of efforts to expand business in the country. This Group exhibition in New Delhi will take place over two days, on December 16 and 17.
The Forum will include an Innovation Summit held jointly with the Confederation of Indian Industry (CII), as well as various business seminars and exhibits of products and solutions. The goal of the event is to introduce to Indian customers and business partners the Hitachi Group’s industrial devices and solutions, rail systems, and other social infrastructures, along with a wide range of other products, solutions, and advanced technologies, such as information and telecommunication systems, construction machinery, automotive devices, and air conditioners.
“This is a momentous day for us as we are organizing the “Hitachi Social Innovation Forum” in India. The Forum comprising of Innovation Summit, Business seminars, and Exhibition organized here on December 16 and 17 have underscored our long-term commitment towards India, which is one of the most important regions in Hitachi’s Global strategy. We have demonstrated this in December 2012, when we conducted for the first time in India a Board meeting outside Japan.
After that historic Board meeting, Hitachi announced its “India Business Strategy 2015” targeting consolidated revenues of 300 billion yen (200 billion rupee) in Fiscal 2015 which is approximately three times higher than in Fiscal 2011, and executing investments of 70 billion yen (47 billion rupee) to promote various measures to achieve this target.” said Junzo Nakajima, Executive Vice President and Executive Officer, CEO for Asia Pacific, Hitachi, Ltd. “We at Hitachi aim to stand by India and together fuel a big change of building a sustainable society. And we share our vision for India Tomorrow through the “Hitachi Social Innovation Forum.” We are fully committed to contribute to long-term development of Indian society through our Social Innovation Business.”
Hitachi has positioned India as one of the most important regions in its global strategy; for example, in December 2012, a board meeting was held in India, marking the first time for Hitachi to hold a Board meeting outside of Japan since its establishment. In conjunction with that first overseas board meeting, the company announced its “India Business Strategy 2015,” which focuses on plans for total investments of 70 billion yen (47 billion rupee) in India by FY2015 and an increase in consolidated revenues to 300 billion yen (200 billion rupee(1)) in FY2015, which is about 3 times the level in FY2011.
In keeping with the basic policy of “Contribute to the medium and long-term development of Indian society through the ‘Social Innovation Business’,” Hitachi will expand business mainly by: bolstering businesses that support local production for local consumption in India through increased localization; strengthening partnerships with Indian companies to expand the business base strongly connected with the Indian market; and expanding business into Africa and the Middle East employing India as a base.