 "Panasonic")
Panasonic Corporation on Thursday announced plans to expand in India by setting up a manufacturing unit in Sri City Industrial Park of Andhra Pradesh. Pegged at Rs 294.6 crore, the unit will make electrical devices, wires, and switchgear under Life Solutions Company, an arm of Panasonic Life Solutions India Private Limited.
The manufacturing unit will be the fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021. Providing jobs to 600 people, it aims to tap the electrical market at atime when demand is growing in India, especially in mid-size cities.
Panasonic said that
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