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Mitsubishi Electric India (MEI), Indian subsidiary of Mitsubishi Electric Corporation, has opened a facility for transportation systems business in Bidadi near Bengaluru.
The facility is expected to assemble electrical propulsion equipment for rolling stock under a plan to expand Mitsubishi Electric’s transportation systems business in India.
“This is Mitsubishi Electric’s third manufacturing facility in India, following plants for automotive equipment and factory automation products in Gurgaon and Pune,” said Makoto Kitai, Managing Director, MEI.
The factory in Bengaluru is built at a cost of around $8 million, on a site measuring 4,605 square metres.
Kitai said: “It can produce traction inverters, motors and other electrical equipment for rolling stock in metro systems across the country. The factory also has facilities for equipment maintenance. Initial staffing totals about 50 people.”
“Our factory can produce and supply electrical propulsion equipment for rolling stock. By setting up this factory in India, we have demonstrated our commitment to invest, foster innovation, enhance skill development, protect intellectual property and build best-in-class manufacturing infrastructure in India, which we call our ‘Make in India’ initiative,” he added.
The company is targeting transportation systems annual revenue of $170 million in India by fiscal 2020, in part by strengthening sales and maintenance services for subways and trains to meet the growing global demand for transportation infrastructure.
In the early 1960s, Mitsubishi Electric began providing Indian customers with electrical products for locomotives. Later, the company has expanded into rolling stock equipment business for metro projects since the year 2000, and now it provides about 65 per cent traction systems of India’s metro rail networks.
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