# Anchor Electricals plans Rs 400 crore investment for capacity expansion

Anchor Electricals, part of Panasonic Corp, announced an investment plan of Rs 400 crore over three years, including Rs 150 crore in the current fiscal year, for capacity expansion and new product launches. The company aims to double revenue to Rs 5,000 crore in five years.

- Type: Investment
- Announced: 2017-09-29
- Where: India
- Value: $62.0M (4.00B INR)
- Status: announced
- Products: electrical products, switches, wiring devices
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Anchor Electricals](https://endata.com/companies/19502.md)
- [Panasonic](https://endata.com/companies/1026.md) (partner)

## Sources

- [franchiseindia.com](https://www.franchiseindia.com/insights/en/article/anchor-electricals-to-drive-up-its-distribution-network.45693), 2017-09-29: "The company will pump in Rs 150 crore this fiscal as part of its investment plan of Rs 400 crore in three years towards capacity expansion and new product launches."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.