Hitachi Energy India, the Indian arm of the Zurich-based Hitachi Energy, will invest Rs 2,000 crore for the next four to five years in its energy transmission and transition product offerings. This announcement was made by the company’s top management on Monday with the intention of presenting itself as a commitment to augmenting its capabilities according to changing energy needs of the nation. 

Hitachi Energy Global CEO Andreas Schierenbeck said, “We have been continuously investing in India for over seven and a half decades. These new investments will focus on capacity expansion, talent development, supply chain strengthening, and digitalization, in line with our Hitachi Energy 2030 strategic growth plan. 

A prime area of investment by Hitachi Energy in India will be power transmission systems, especially high-voltage direct current technology. It is one of the only suppliers in India for HVDC technology, and this segment will go on to be a crucial growth area. The charging solutions for electric mobility will also be invested in for grid transmission systems for such renewable energy projects as have been mentioned, including offshore wind energy. 

N Venu, the MD and CEO of Hitachi Energy India, explained this investment plan in a presentation not long ago. He also cited six segments where his firm would invest: large and small transformers, dry and traction transformers, insulation components, HVDC and STATCOM, network control solutions, and proprietary development, such as Grid eXpand and Grid eMotion. 

These initiatives aim at India’s future energy requirement, accelerating the energy transition and sustainable electrification. Venu underlined that the company has a vision for “Make in India for India and the rest of the world,” emphasizing the manufacturing of products locally and collaborating with other regions. Hitachi Energy India has already established over a dozen manufacturing facilities across India and plans to ramp up these operations with the addition of more facilities as growth unfolds. 

Further, the company is looking to strengthen its supply chain by partnering with micro, small, and medium enterprises (MSMEs) in India to have a steady supply of components that will meet the expected demand for energy solutions. Such an investment is considered a major step forward in supporting India’s energy transformation and strengthening Hitachi Energy’s position in the global energy sector.