Panasonic Life Solutions India inaugurates manufacturing unit in Sri City, Andhra Pradesh | TIRUPATI: Panasonic Life Solutions India on Thursday announced the opening of its new facility in Sri City, Andhra Pradesh, which is the first electrical equipment manufacturing base of the company in southern India and seventh in the country.
Panasonic Life Solutions India, a wholly-owned subsidiary of Panasonic Corporation in a statement said that it would manufacture wiring devices and will be making a total investment of Rs 600 crore in two phases, where the first phase of Rs 300 crore has been made.
The Sri City facility is fully operational and will primarily focus on manufacturing wiring devices products covering Roma, Penta Modular, and Roma Urban. "India is on a growth trajectory and this growth will need tremendous support from the ECM (electrical construction material) industry for people to “Live their Best”.The company intends to add other products from the wiring devices and include switchgear, wires, and indoor air quality (IAQ) products over a period.
Currently, the production capacity in the first year is 80 million units, and it is expected to increase by 15 percent year by year as sales further expand the company said in a press release.
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