Amid escalating power requirements, Hitachi Energy sets its sights on expanding operations in India

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Amid escalating power requirements, Hitachi Energy sets its sights on expanding operations in India

Team FS

24/Apr/2024

Key Points:

Expansion Plans: Hitachi Energy aims to establish additional Global Capability Centers (GCCs) in India, focusing on Hyderabad and Pune, to support local operations amidst rising energy demand and renewable energy initiatives.
Government Initiatives: With India's push for renewable energy generation and incentives for green energy transition, Hitachi Energy sees opportunities for growth and collaboration in the evolving energy landscape.
Projected Demand: India's robust power consumption growth and ambitious targets for non-fossil fuel sources signal a significant demand for energy infrastructure, driving Hitachi Energy's optimism for future market expansion.

Hitachi Energy sets its sights on expanding its presence in India by announcing plans to establish additional Global Capability Centers (GCCs) in the country, with a focus on Hyderabad and Pune. The move comes amid increasing energy demand and a concerted push by the Indian government to scale up renewable energy generation.

Expansion Plans:
As part of its strategy to bolster local operations, Hitachi Energy intends to set up new GCCs in Hyderabad and Pune, leveraging India's skilled workforce and conducive business environment. These centers will complement the company's existing operations in the country and serve as hubs for innovation, research, and development in the energy sector.

Government Initiatives:
India's proactive measures to promote renewable energy transition, including incentives and targets for non-fossil fuel sources, present favorable conditions for Hitachi Energy's expansion plans. The company views the government's initiatives as catalysts for collaboration and growth opportunities, aligning with its commitment to sustainability and technological advancement.

Projected Demand:
Against the backdrop of India's robust power consumption growth, Hitachi Energy anticipates significant demand for energy infrastructure solutions in the coming years. With the International Energy Agency forecasting substantial electricity demand growth, Hitachi Energy sees immense potential to contribute to India's energy transformation journey and address the evolving needs of the market.

In summary, Hitachi Energy's decision to expand its footprint in India reflects its confidence in the country's energy sector and its commitment to supporting India's transition towards a sustainable and resilient energy future. Through the establishment of new GCCs and strategic partnerships, Hitachi Energy aims to play a pivotal role in shaping the energy landscape and driving innovation in the years to come.

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Amid escalating power requirements, Hitachi Energy sets its sights on expanding operations in India

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