Hitachi, the Japan-based global engineering, construction and electronics giant, has proposed to invest Rs 4,700 crore in India by 2016.
The company will utilise the funds to expand capacities across business verticals such as construction machinery, information technology (IT) services, transport, and power equipment.
The proposed investment plan is part of the company's strategy to expand its global footprint. The expansion plan comprises provision of services in the construction machinery and IT segments, apart from engaging in supplying urban transport equipment for the metro trains or monorails in the country.
Further, the company is re-exploring its plan to set up a power equipment manufacturing facility, in a JV with Hyderabad-based BGR Energy Systems.