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Hitachi Hi-Rel Power Electronics Pvt. Ltd.

Dear Patrons,

Season's greetings to all of you from Hitachi Hi-Rel Power Electronics (HHPE)!

I take this opportunity to thank our valued customers, whose continued patronage and confidence in our world class power electronics products, value added services & customized solutions inspire us to extend the best of services and enable us to provide value for money. We target to lead all our current market segments be it solar inverters, UPS for industrial and IT applications, medium &low voltage variable frequency drives and other product domain. Engineering and customization are our core port of business.

Hitachi Hi-Rel's social innovation business in India is committed to copartner in India's growth story by progressively making small yet perceptible contributions in the nation's growth through leveraging Hitachi global legacy and innovative solutions to help improve quality of life of the people and to embrace the dynamism of a young nation. Hitachi Hi-Rel belongs to Industrial products business unit of Hitachi, Ltd. and contributes to new value creation by supplying strong core components.

Hitachi has established IT as well as OT(operation technology) through long manufacturing history; this know-how creates new business opportunities and we will supply products and services that fit to coming IoT society. For example, we are exploring energy sector, renewable energy, energy conservation and energy storage. They are all reducing the carbon foot print. By using IT and OT for these applications, optimal control can be achieved as total systems.

Hitachi Hi-Rel started solar inverter business in 2012 in India and it has supplied more than 1.75 GW solar inverters till March 2017. India is growing with tremendous speed and its energy demand is increasing accordingly. Solars ystems are the quickest solution to the Indian society. It supports energy demand and small carbon foot print. We are also preparing for grid stabilization solutions by using storage systems,because so many renewable installations may invite grid instability in future.

Drive systems are another good example, which save energy significantly if they work at variable speed. Most of industrial applications involve motors. Drive systems have such huge opportunities to contribute the society.

Our modern manufacturing facilities in India provide state-of-art power electronics products to Indian market. As Prime Minister of India, Mr. Modi said, India has geographic advantage to supply products and service to South East Asia, South Asia, Middle East, Africa, Russia and Oceania which areemerging markets. Very this moment,Social Innovation is happening in these areas. By doing "Make in India" through our pioneering spirit, we Hitachi Hi-Rel will contribute to new value creation in the world.

I am proud to share that under the CSR(Corporate Social Responsibility)initiative, Hitachi Hi-Rel prioritized to develop the skills of youth population to promote wage employment and self-employment with the objectives to enhance the skill of existing workforce(Up skilling) through provision of vocational training and to facilitate employment of youths post skill development training. Under this initiative, 130 students trained (5 batches), 80% skill transferred to trainees and more than 50% trainees have been given job placement. This CSR initiative is aligned to Prime Minister's Kaushal Vikas Yojna for promoting Skill India vision of Government.

I am confident that this will keep us ahead and winning in our endeavor to be the preferred brand in power electronics market. We pledge to improve each day to serve you better.

With best wishes,

Dr. Kazuhiro Imaie
Managing Director
Hitachi Hi-Rel Power Electronics Pvt. Ltd.
Ahmedabad, Gujarat, India