Toshiba Corporation has recently announced a comprehensive strategy for expanding its social infrastructure business in Asia and around the world that positions India as a strategic business hub. On his maiden visit to India, Toshiba's President and CEO, Hisao Tanaka, along with the top executives of the company, shared the Group's roadmap for Indian continent.

Tanaka said, "For Toshiba, India is important not only as a market, but also as a strategic export and development base with highly talented people. Toshiba will position India as a strategic world business hub in its thermal power, energy transmission and distribution equipment, water and waste-water treatment, and software development businesses. In the five years from FY2013 to 2017, the company will invest over US$500 million, equivalent to Rs30 billion in India, and create employment for over 5,000 people."

Yasuharu Igarashi, Executive Officer and Corporate Executive Vice President responsible for Toshiba's Power Systems business explained a regional and global expansion plan centering on Toshiba JSW Power Systems, joint venture corporation with JSW Group, with a turbine manufacturing plant in Chennai. The company is currently manufacturing five supercritical turbines and generators ordered by NTPC Ltd. and others.

Looking to the future, particularly in Southeast Asia, the Middle East and Africa, where many major thermal power generation projects are planned, Toshiba will reinforce and expand its thermal power business in India and the wider region in cooperation with Toshiba's global engineering function in Japan.

In the field of hydroelectric power generation, Toshiba is also eager to contribute to the development of India by deploying Toshiba Group's comprehensive capabilities. Through cooperation with plant engineering company TPSC India, Toshiba will offer one-stop solutions covering engineering, manufacturing, procurement, commissioning and services in India.