Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) has announced its plan for making an additional investment in India.

The additional investment planned totals approximately USD 35 million. Nearly 60 per cent of this amount will be used as capital for constructing a new factory roughly 10,000 sq mt in size, while the remainder will be utilized to augment operations for the further business expansion of TMIND.

In line with this, to address the rapid expansion of new orders for PV inverters, in particular, the company will build a power electronics factory on newly acquired land situated adjacent to the motor factory of TMEIC Industrial Systems India (TMIND).

Construction of the new factory will start from this spring with the aim of commencing operations from around summer 2017.

The new factory will produce power electronics products, specifically, PV inverters, motor drive inverters and Uninterruptible Power Supplies (UPS).