Hitachi looks to expand foothold in Indian IT sector

TOKYO: Japan's engineering and electronics major Hitachi is looking to expand its IT business in India through partnerships.

At present Hitachi has various projects in software design and certain IT service outsourcing from India but the company is looking to scale up.

"We would try to expand it...Now we are also interested in selling the software services in India," Hitachi President Hiroaki Nakanishi said.

Elaborating on areas where the company is looking to expand, he said: "I want a major profile of services. It is also how to expand the business model based on the IT services, cloud services. Those are the areas so exciting."

When asked how the company planned to go about it, Nakanishi said: "We would like to find a very good partnership in India. We have so many conversations."

Hitachi had started offshore software development outsourcing from 1997 and established Hitachi Data Systems India in 2002.

It is looking to increase overall revenues in India to Rs 20,000 crore by 2014-15 fiscal and plans to hire over 5,500 people to meet its growth targets.

The group had a total revenue of Rs 112,869 crore (1,786 billion yen) from the IT sector is in FY 2012.