KYOTO, Japan, Dec. 21, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) ("Nidec") today announced that it has established its first India-based sales subsidiary, Nidec India Private Limited, in Gurgaon, a city adjacent to India's capital, New Delhi, on December 16, 2010.
I. Background leading to the establishment of the sales subsidiary
India ranks only behind China as the world's second most populous country with 1.2 billion people and the second-fastest growing economy among the BRIC nations. An increasing demand for consumer goods, ranging from household appliances and automobiles to communications devices, is fostering the growth of India's domestic businesses and attracting a major influx of Japanese and other foreign-capital companies. The new sales subsidiary aims to build solid business relationships with these prospective companies by quickly meeting their increasing needs for component products and services.
II. Outline of the new local sales subsidiary in India
The Nidec Corporation logo is available at
CONTACT: Nidec Corporation Investor Relations Masahiro Nagayasu, General Manager +81-75-935-6140 firstname.lastname@example.org