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Hitachi sets up business support center in India

Posted: 06 Dec 2007 ?? ?Print Version ?Bookmark and Share

Keywords:support center? India market? Asia business?

Hitachi Ltd has set up an India Business Support Center in Delhi on to expand its business operations in the country.

The center targets to help Hitachi Group companies enter the Indian market and deal with business practices, tax system and regulatory environment, and to support air conditioning systems, construction machinery and other group businesses already operating in the country. The Hitachi Group aims to generate revenues of $1.8 billion in fiscal 2010, ending March 31, 2011, in the fast-growing Indian market by actively expanding businesses there going forward.

By establishing the business center, Hitachi aims to realize more efficient management by creating a common group strategy in respect of branding, human resources, finance and other operational aspects. The India Business Support Center will become the core for the provision of shared services within the group in the region, including for group companies that are already conducting business in India.

Since late 1990, the Hitachi Group has been conducting businesses locally in such fields as room air conditioners and construction machinery. In recent years, the group has also forged greater collaboration with Indian software development vendors and strengthened cooperative ties with local companies in software development.

In August 2006, Hitachi appointed a chief executive for Asia, who is charged with formulating the business strategy for Asia, leveraging group synergies to develop new businesses and strengthening ties with customers. Activities are ongoing under the business strategy for Asia which positions expansion of business in India as one of the most important themes. In April this year, Hitachi also established the Hitachi Group India Strategy Council, which has endeavored to strengthen the entire group's business presence in India.

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