Hitachi India aims to contribute $20 bn to parent's global revenue by 2030

Hitachi India, part of the Japanese conglomerate Hitachi, aims to work towards contributing USD 20 billion in the overall consolidated global revenue for the parent company by 2030 with a 'higher double-digit profit', said Managing Director Bharat Kaushal.

By 2030, Hitachi India aims to occupy an "influential position" across rail, energy, and digital, automotive businesses of the group, he said.

"Some of the horizontal enablers that support integrating technologies using digital as the catalyst including Artificial Intelligence (AI), hydrogen, and energy storage, will become an important growth driver. We aim to have a higher double-digit profit to the overall Hitachi's consolidated revenues," Kaushal told PTI.

India is increasingly emerging as a base to do business outside India, especially in capital goods, where the government has launched a lot of incentives for technology transfer, and funding it, allowing to keep the IPR and these are very significant steps.

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