Hitachi Energy has announced plans to invest $250 million USD (INR 2,000 crores) in India over the next five years as part of its strategy to support the country's growing energy needs and contribute to its energy transition journey. The investment was unveiled during the company's Energy & Digital World 75 (EDW75) event in New Delhi, commemorating 75 years of its presence in India.

The event was inaugurated by Amitabh Kant, India's G20 Sherpa, alongside Andreas Schierenbeck, Global CEO of Hitachi Energy, and N Venu, Managing Director and CEO of Hitachi Energy India & South Asia. Over 2,000 stakeholders, including policymakers, industry experts, and academics, attended the two-day symposium to discuss India's path to achieving Net-Zero.

The planned investment is part of Hitachi Energy's global commitment to advancing clean energy solutions, enhancing its portfolio, and expanding its workforce. Key projects in India include the expansion of the large power transformers factory and upgraded testing capabilities for specialty transformers, all aimed at boosting the country's energy infrastructure.

This initiative aligns with Hitachi Energy's broader mission of contributing to sustainable electrification, a critical component of India's modernized power grid and the integration of renewable energy sources.

Source: hitachienergy.com