NEW DELHI Dec 13 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 should avoid fixating on an inflation target given the need to ensure economic growth and financial stability, former central bank governor Duvvuri Subbarao warned on Tuesday. Full Article