Toshiba Transmission & Distribution Systems (India) (TTDI), a wholly owned subsidiary of Toshiba Corporation Japan, will invest an additional Rs 200 crore on its Hyderabad factory by 2017 as part of plans to develop the facility as a global manufacturing hub.
The new investments will result in creation of 1,000 more jobs.
The TTDI seeks to expand its business through full scale operations and provide cost-competitive products by localising procurement, design and manufacturing within India.