Japanese firm Toshiba Corporation has said that it is expecting 7-fold increase in sales to Rs 18,000 crore from India by 2017, pushed by the power and infrastructure segments.
The company will also invest over Rs 3,000 crore in India over the next five years, and double employee strength by 2017 to 8,000, Toshiba Corporation President Hisao Tanaka said. Of the total sales, 70 per cent is likely to come from the infrastructure and power business.