Business EconomyPosted at: Oct 2 2024 7:00PM


Toshiba to expand operations in Telangana

Hyderabad, Oct 2 (UNI) Multinational electronics and electrical giant Toshiba will expand its operations in Telangana.
This was announced on Wednesday by Toshiba officials after a delegation from Telangana led by Deputy Chief Minister and Energy Minister Bhatti Vikramarka Mallu, who are on a three-day visit to Japan, visited the Toshiba industries.
During the visit, the delegation visited Toshiba’s Fuel Cell Manufacturing Unit nearby and inspected the production of turbines and generators used in nuclear and thermal power generation, as well as the manufacturing processes of photovoltaic modules and various batteries.
During the meeting, Bhatti emphasized that Telangana is planning to install large-scale solar plants, which will require a significant quantity of photovoltaic modules.
He also noted that fuel cell technology will have increased usage in "Future City" projects, encouraging Toshiba to set up relevant units in the state through joint partnerships.
The Deputy CM mentioned that all state-owned RTC buses in Telangana are expected to be converted to electric vehicles soon, and Toshiba’s services will be essential in this transition.
Additionally, Singareni, as part of its business expansion, is planning to move into mining other minerals such as lithium, and since Toshiba is a leader in lithium battery production, a collaboration between Singareni and Toshiba could be beneficial, Vikramarka said.
Responding to Bhatti’s invitation, Toshiba officials stated that they have established their units in only three Indian states, with Telangana being a prominent one. They noted that Telangana is highly conducive to industrial establishment and business expansion and expressed a positive outlook on expanding their operations in the state, either independently or in joint partnership with the state government.
They also mentioned plans to increase their current EV vehicle production capacity and expand their plant.
The Deputy CM was accompanied by the state’s Chief Secretary of Finance, Ramakrishna Rao, Energy Secretary Ronald Ross, Singareni Chairman and Managing Director N. Balaram, and officials from the Indian Embassy, Bansal and Devajani.
Earlier, the delegation was welcomed by Toshiba’s senior executives, including Hiroshi Kaneta from Energy Systems and Solutions and Vice President Shige Rizo Kawahara.
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