Panasonic Electric Works to expand production capacity in India

Panasonic Electric Works Company, a subsidiary of Panasonic, plans to enhance production capacity at its Sri City Industrial Park factory in Andhra Pradesh, India, as part of a global investment roadmap of Rs 7,000 crore (100 billion yen) by fiscal 2030, with Rs 2,100 crore (30 billion yen) earmarked by 2024.

“Our investment road map includes an allocation of Rs 7,000 crore (100 billion yen) for global electrical and equipment business growth by the fiscal 2030 (excluding Japan).”timesofindia.indiatimes.com

• 1 source
• timesofindia.indiatimes.comPanasonic's arm looks to boost production in India - Times of IndiaSunando SarkarMar 12, 2024

Summarized from public sources; check the original articles before acting on it.