Horiba aims for 20 billion yen revenue from India by 2028, expanding local production and R&D
Japanese instrument maker Horiba set a target of 20 billion yen in revenue from its Indian operations by 2028, emphasizing growth in manufacturing and research.
Horiba, a Kyoto-based precision-instrument and testing-system manufacturer, announced a revenue goal of 20 billion yen from its Indian business by 2028, up from about 15 billion yen recorded in FY 2025. The company, celebrating 20 years in India, now runs eight facilities with more than 600 employees, accounting for roughly 40 % of its Indian sales through domestically assembled or manufactured goods. Dan Horiba described India as the most dynamic market in the group’s global portfolio, while Hideyuki Koishi said the next phase will deepen local research and development to feed the group’s worldwide technology pipeline.
Horiba’s Indian portfolio is split evenly between Bio & Healthcare and Energy & Environment, with Materials & Semiconductor contributing the remaining share. In January 2026 the group acquired Pristine Deeptech, a Gujarat firm specializing in lab-grown diamond R&D for semiconductor and quantum uses, and began local production of mass-flow controllers at its Pune plant in 2024, anticipating rising domestic semiconductor demand as new fabs come online.
Why it matters
The plan shows how a major Japanese tech firm is deepening its manufacturing and research footprint in India, signaling stronger Indo-Japanese industrial ties.
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