Toshiba Transmission to invest Rs. 200 cr in Hyderabad.

Toshiba Transmission and Distribution (India) Pvt. Ltd. (TTDI) has lined up Rs. 200-crore investment at its global manufacturing facility for expansion.

It has just completed $30-million investment in the new production lines.

Announcing this at a press conference recently, its Chairman and Managing Director, Katsutoshi Toda, said the new production lines were ready for full-scale operation.

The production capacity of transformers was up by 50 per cent and the new production lines for new technology products will allow the company to meet the growing demand in India and globally.

'TTDI will seek to expand its business through full-scale operations,' Toda said.

On the Indian market, he said: 'This country is full of challenges and issues and we see opportunity in addressing them.'

TTDI came to India in 2013 by acquiring the Hyderabad-based Vijai Electricals Ltd. It now has over 6,000 employees.

HBL