Hitachi Capital announced that it entered into an agreement to form a business alliance regarding financial service collaboration with India-based leasing company Srei Equipment Finance.

Under the “Mid-Term Management Plan for FY2013 to FY2015,” Hitachi Capital has set a goal to expand the Hitachi Group Business, and is striving to expand sales finance for Hitachi Group products, to improve Hitachi Group’s cash flows, and to enhance risk management system.

The business alliance with SEFL will allow Hitachi Capital to utilize business know-how of SREI Group with wide knowledge of Indian market and of BNP Paribas Group with high presence in global market, with which Hitachi Capital will provide financial services such as leasing or factoring to Japanese companies, mainly the Hitachi Group, with an aim to take in growth opportunities in India and accumulate business know-how.