Hitachi and Panasonic, Japan's two biggest corporations, plan to invest more than Rs 5,700 crore in India as they have identified the country as one of their biggest bets for growth and a base to expand in Africa and Middle East markets.Hitachi, which held its first board of directors meeting outside Japan in its 102-year history in New Delhi on Thursday, announced Rs 4,700-crore expansion plans that include building 5 manufacturing plants. Japan's largest industrial power and electronics conglomerate has formulated a 'India business strategy 2015' plan to make the country one of its top markets and targets a three-fold jump in its India revenues to Rs 20,000 crore by 2015-16.

Source - http://economictimes.indiatimes.com