Hitachi President Toshiaki Higashihara meets PM Modi

New Delhi: Japanese industrial solutions giant Hitachi's President Toshiaki Higashihara Tuesday called on Prime Minister Narendra Modi.

Higashihara, who believes India is becoming an increasingly important country for Hitachi's global growth, had yesterday "committed to contributing to the development of Indian society through the Social Innovation Business in response to 'Modi-nomics'".

"We believe that the extensive experience Hitachi has acquired in facing challenges over the years can be of service to help build strong and sustainable social infrastructure in India," he said in a statement yesterday.

Hitachi, which is targeting a turnover of around Rs 11,000 crore in FY2015 from India, had plans to invest around 70 billion yen (around Rs 3,670 crore) over the four years from FY2012 to FY2015 in the country.

The Japanese industrial solutions would also hire around 3,000 people to expand its business here.

The company is looking to participate in government-led efforts to put in place and maintain social infrastructures and provide a wide range of products and solutions, such as social infrastructure systems as advanced medical devices and rail systems.

Hitachi is a leader in construction machinery and air-conditioning systems in India and is also expanding in new areas such as information & telecommunication systems, power systems, industrial, transportation and urban development systems.

Earlier this month, FMCG giant Unilever CEO Paul Polman and technology major Intel President Renee James had met the Prime Minister.

The Modi government has been wooing foreign investors to India with 'ease of doing business' in the country a top priority on its agenda besides undertaking a slew of steps like relaxing FDI in defence and insurance and amending the Land Acquisition Bill.