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Hitachi India
Hitachi India is planning to increase its local workforce by more than 5,000 over the next five years, as reported by Reuters.
Hitachi to add local workforce in India by more than 5,000
According to reports, the ⁠Japanese conglomerate is betting high on quick infrastructure development and digital transformation in India.
The investments will span energy, artificial intelligence and resources, and will be integrated into the company's global centres of excellence, Bharat Kaushal, Executive Chairman of Hitachi India, said on the sidelines of the World Economic Forum in Davos.
Hitachi India already has an employee base of 42,000 across multiple businesses.
The hiring drive is part of a bigger plan to capitalise on increasing investment in India's energy and rail sectors, as well as the growing adoption of advanced technologies such as artificial intelligence and industrial automation.
What next?
India is a key growth market for Hitachi, and so the company is targeting expansion not only in manufacturing but also through the delivery of digitally enabled services.
Hitachi is keen to export scalable, affordable solutions around the world after successfully deploying them in India, Kaushal said.
"There is a huge uncertainty, and everyone's rethinking across the world," he said.
"In India, you've kind of conquered the chaos better, or you're in a better position to conquer the chaos."
In its "China ⁠plus one" drive, ⁠the government has encouraged Indian firms to manufacture locally as a way of avoiding over-reliance on China as a manufacturing base.
Kaushal said, "It's about an ecosystem, one China already has in a very robust manner."
He added that India's energy, rail, digital, artificial intelligence and service sectors were in the best position to benefit.

