Toshiba Lighting looking to set up mfg base in India.

Sensing good opportunities in the lighting segment here, Japanese electronics giant Toshiba is scaling up its size with plans to set up a manufacturing base and is investing in the R&D centres of its subsidiary GreenStar.

The company is aiming for a business of US $ 40 million (Rs. 243 crore) here in next five years in LED (light emitting diode) segment with a 40 per cent year-on-year growth basis.

Presently, Toshiba Lighting & Technology Corporation has revenue base of around US$ 4 million (over Rs. 24 crore) in India.

'Our primary manufacturing facilities are in China and Japan. We are also trying to see India as next manufacturing base, not only for the local market but also producing for global needs,' Toshiba Lighting & Technology Corporation President and CEO Yoichi Ibi told PTI.


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