Japan's Horiba targets 20 billion yen from India operations by 2028
Japanese precision instruments and testing systems manufacturer Horiba on Monday said it is targeting a revenue of 20 billion yen from its India operations by 2028, as the country emerges as an increasingly important base for its global manufacturing and research roadmap.
The company, which is marking 20 years of operations in India, reported an annual turnover of about 15 billion yen in FY 2025, at an average annual growth rate of over 15 per cent.
"Looking at our global businesses, India is probably the most exciting and growing energetic market for us.
Going forwardit would definitely be a key market for the Horiba Group.
"India has grown from a market for our technology into a base where it is manufactured, adapted, and increasingly developed.
Twenty years in, our commitment to this market remains as strong as ever, and we see India playing an even larger role in Horiba's global growth in the years ahead," Dan Horiba, Executive Director, Horiba Ltd, Japan, said in a statement.
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