Business Economy


Hitachi Energy to expand its Chennai technology and innovation centre at Rs.2,000 crore

Chennai, Oct 15 (UNI) Japan's Hitachi Energy Technology Service Private Ltd, part of the Hitachi Group, has decided to invest Rs.2,000 crore to expand its Global Technology and Innovation Centre in Chennai.
Hitachi Energy today inked a Memorandum of Understanding (MoU) with the Tamil Nadu government for this in the presence of Chief Minister M.K.Stalin.
According to the state government, the Rs.2,000 crore investment will be spread over five years and would provide employment to about 3,000 people.
In 2023, Stalin had inaugurated Hitachi Energy's Global Technology and Innovation Centre in Chennai. The proposed investment is in continuation of that.
According to Tamil Nadu Industries Minister T.R.B.Rajaa, Hitachi Energy's Global Technology and Innovation Centre in Chennai is already their largest global hub with around 3,000 engineers driving over 1,000 projects across 46 countries, and in just two years they are already expanding.
Every reinvestment and expansion is a testament to Tamil Nadu's unmatched talent and pro-business environment under the leadership of Stalin, Rajaa said on X.
UNI VJ VAN RKM
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