The ₹562 Crore Spark: Toshiba's Telangana Expansion

Toshiba Transmission & Distribution Systems (India) (TTDI), a subsidiary of Toshiba Energy Systems & Solutions Corporation (Japan), has signed a Memorandum of Understanding (MoU) with the Telangana government to invest ₹562 crore in expanding its manufacturing operations in the state.

The MoU was formalized at a ceremony in Tokyo, attended by Telangana Chief Minister Anumula Revanth Reddy and TTDI Chairman & Managing Director Hiroshi Furuta.

This expansion will enhance TTDI’s transformer production capabilities, catering to both domestic and international markets. The move further strengthens Toshiba’s position as a global leader in transmission and distribution (T&D) solutions.

“This MoU strengthens our manufacturing presence in India and supports local employment and skill development. With the Telangana government’s strong backing, we aim to accelerate our capabilities and deliver reliable, sustainable energy solutions for India and beyond,” said Furuta.

The investment is projected to create over 250 direct jobs within the next three years, beginning FY24, contributing to Telangana’s socio-economic growth and advancing industrial development in the region.

News by Rahul Yelligetti.