Toshiba to invest Rs 562 crore, drive up investment in power biz
Toshiba Transmission will invest ₹562 crore to expand its manufacturing plant in Telangana, boosting production of surge arresters, transformers, and GIS systems
Hyderabad: Toshiba Transmission Distribution Systems (India) Pvt Ltd (TTDI), a wholly-owned subsidiary of Japanese electronics major Toshiba Corporation, will invest Rs 562 crore to establish a facility for surge arresters and expand its manufacturing facilities for power and distribution transformers and gas insulated switchgear (GIS) at its Rudraram plant.
A memorandum of understanding was signed by special chief secretary Jayesh Ranjan and TTDI Telangana chairman and managing director Hiroshi Furuta in the presence of Chief Minister A. Revanth Reddy and Hiroshi Kaneta, director, energy business, Toshiba Corporation, at a high-level investment meeting held on Friday.
The company is a global leader in the supply of transmission-cum-distribution (TCD) equipment for conventional and renewable energy sources. It has decided to collaborate with the state government to drive investment and innovation in products and solutions for addressing needs of the transmission and distribution sector.
This initiative matches Telangana’s vision to attract high-value investments, strengthen the state’s power sector growth plan, industrial capabilities, and create employment opportunities in the region.
Speaking on the occasion, Revanth Reddy said that Telangana was at the forefront of India’s economic transformation, attracting global investors across multiple sectors through strategic collaborations and industry partnerships. The fresh investment by Toshiba announced reiterated the confidence of global companies in the business ecosystem of the State and the growth story of Telangana.
Hiroshi Furuta said that Telangana's forward-looking policies, strong industrial ecosystem, and commitment to innovation made it an ideal destination for its latest investment. "We are excited to collaborate with the Telangana government to drive technological advancements, accelerate economic growth, and create a skilled workforce for the future. This investment underscores our long-term commitment to India and our vision to shape the future of the power sector,” he said.
