Hitachi aims to double India revenue by 2015
NEW DELHI Dec 13 (Reuters) - Hitachi Ltd, Japan's largest industrial electronics maker, targets a tripling of revenue from India to 300 billion yen ($3.62 billion) by 2015, its chief executive said on Thursday.
The company will invest 70 billion yen in its Indian business by 2015, Chief Executive Hiroaki Nakanishi told reporters at a press conference in New Delhi, adding that it would also double its employees in the country to 13,000 in the same time frame. ($1 = 82.9300 Japanese yen) (Reporting by Anurag Kotoky; Editing by Gopakumar Warrier)
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India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article