Hitachi Energy Will Invest Rs. 2,000 Crores In India’s Energy Future

Hitachi Energy, a global technology and renewable energy leader is going to invest Rs 2,000 crore in India over the next five years, where it will focus more on building a more sustainable ecosystem. The plan of Switzerland’s company Hitachi Energy will not only improve the infrastructure of India but will also create new employment opportunities. It will also support the country’s objective of becoming carbon neutral by 2047. Let’s know about Hitachi Energy’s upcoming investment.

Hitachi Energy’s Rs 2,000 Crore Investment: A Game-Changer for India’s Energy Sector?

Hitachi Energy plans to invest Rs 2,000 crore in India’s energy sector. The company will invest Rs 400 crore every year over 5 years. The main objective of the investment will be to increase the capacity of existing transformers. In addition, it will also build the company’s portfolio and focus on increasing the capacity of small power transformers, and dry and traction transformers.

Hitachi Energy has chosen India for investment given the increasing demand for the energy sector in the country. In view of this growth, the government has also supported the development of this sector with many new schemes and policies. Every company looks for labour that is efficient as well as affordable, and India is the best option for it. Hitachi Energy’s new investment will continue for five years. Thus, it will create more employment opportunities for the youth of the country as well.

India’s energy sector is growing continuously and has great growth potential. It is creating a strong infrastructure for Indian investments and is also attracting more investors to the country. This investment is building sustainability in India and bringing the country closer to becoming carbon neutral. While even more advanced technology is entering the Indian market, it has helped in creating insulation and components capacity resulting in strengthening HDVC high voltage direct current capacity.

Finally, Hitachi Energy is going to spend around Rs 2,000 crore in India over the next five years. The main objective of this investment will be to build infrastructure capabilities that can lead to more growth and job opportunities. Hitachi Energy is a company started in Switzerland that entered India in 1962 in Vadodara, Gujarat. Being a subsidiary of Hitachi Energy, Hitachi Energy India adheres to the goals of sustainability and growth. Thus, the company will provide these five benefits such as employment generation, technology transfer, advanced energy infrastructure, low carbon footprint and economic growth. Stay tuned for more information on our website.