Hitachi hosts “Social Innovation Forum New Delhi”

16th December 2013 | By Mouseworld Now Correspondent |

Hitachi-Social-Innovation-Forum-New DelhiNew Delhi, India, December 16, 2013: DecHitachi, and Hitachi India, is hosting the “Hitachi Social Innovation Forum New Delhi” in the capital as part of its efforts to expand business in the country. The Hitachi Group exhibition in New Delhi will run for two days at Hotel Taj Palace, New Delhi starting today.

Jointly organized by the Confederation of Indian Industry (CII) and the Hatachi Group, Hitachi Social Innovation Forum New Delhi is conducting various business seminars and exhibits cutting-edge products and solutions manufactured by Hitachi.

The event aims to introduce to Indian customers and business partners Hitachi Group’s industrial devices and solutions, rail systems, and other social infrastructures, along with a wide range of other products, solutions, and advanced technologies, such as information and telecommunication systems, construction machinery, automotive devices, and air conditioners.

Junzo Nakajima, Executive Vice President and Executive Officer, CEO for Asia Pacific, Hitachi, said, “This is a momentous day for us as we are organizing the “Hitachi Social Innovation Forum” in India. The Forum comprising of Innovation Summit, Business seminars, and Exhibition organized here on December 16 and 17 have underscored our long-term commitment towards India, which is one of the most important regions in Hitachi’s Global strategy. We have demonstrated this in December 2012, when we conducted for the first time in India a Board meeting outside Japan. After that historic Board meeting, Hitachi announced its “India Business Strategy 2015” targeting consolidated revenues of 300 billion yen (200 billion rupee(1)) in Fiscal 2015 which is approximately three times higher than in Fiscal 2011, and executing investments of 70 billion yen (47 billion rupee(1)) to promote various measures to achieve this target.

“We at Hitachi aim to stand by India and together fuel a big change of building a sustainable society. And we share our vision for India Tomorrow through the “Hitachi Social Innovation Forum.” We are fully committed to contribute to long-term development of Indian society through our Social Innovation Business,” added Nakajima.Hitachi considers India as one of the most important regions in its global strategy. In December 2012, a board meeting was held in India, marking the first time for Hitachi to hold a Board meeting outside of Japan since its establishment.

In line with that meeting, the company announced its “India Business Strategy 2015,” which focuses on plans for total investments of 70 billion yen (47 billion rupees) in India by FY2015 and an increase in consolidated revenues to 300 billion yen (200 billion rupees) in FY2015.

Hitachi is keen to “Contribute to the medium and long-term development of Indian society through the ‘Social Innovation Business’. The company aims to expand business through bolstering businesses that support local production for local consumption in India through increased localization and by strengthening partnerships with Indian companies strongly connected with the Indian market.

In the long run, Hitachi wishes to expand its business into Africa and the Middle East employing India as a base.

© Mouseworld Now News Service

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