Infotech Lead Asia: Toshiba Corporation’s Singapore-based subsidiary, Toshiba Asia Pacific has established a branch office in Yangon in the Republic of the Union of Myanmar. Through the new office, Toshiba aims to establish a stronger presence in the country and support Myanmar’s economic development.
Toshiba distributors have been promoting its home appliance business in Myanmar since the 1980s.The distributors had supplied hydroelectric equipment for the Sedawgyi hydroelectric power plant in 1985.
The Yangon Branch Office will start operation in May.
Toshiba’s subsidiary in Thailand was established to enhance the company’s presence and capabilities across comprehensive range of social infrastructure businesses in Southeast Asia.
Toshiba Asia Pacific focuses on promoting operations in Thailand, Laos and Cambodia’s social infrastructure sectors. and promote Toshiba’s participation in major industrial projects. Toshiba Asia Pacific Thailand starts operation today.
The social infrastructure business in Southeast Asia is booming due to economic and population growth and modernization, especially in the Mekong economic region.
Governments in the region are expected to channel over $1.6 trillion into infrastructure projects from by 2020, in areas such as energy – the construction of power plants and transmission and distribution systems; transportation networks, such as road and railways; and the promotion of smart community projects.
High economic growth rates, dynamic population growth and demand for systems and equipment are expected to continue boosting growth in the social infrastructure sector.
Hiroyuki Sawada, president of Toshiba Asia Pacific Thailand said, “The new company and an enhanced presence will allow Toshiba to take part in large projects, including smart community projects integrating smart grids and other advanced technologies that draw on the capabilities of plural Toshiba Group companies.”
Customers outside Japan account for 55 percent of Toshiba’s revenues. In the year ended 31 March 2012, Toshiba had total revenues of ¥6,100.3 billion, of which 36.6 percent was contributed by the Social Infrastructure Group.
Myanmar is becoming a host destination for IT solutions companies. But Indian companies have not made any major announcements in the recent past.