The facility in Sri City marks the first electrical equipment manufacturing base of the company in southern India.
Panasonic Life Solutions India, a wholly-owned subsidiary of Panasonic Corporation, has announced the opening of its new manufacturing facility in Sri City, Andhra Pradesh.
The facility looks to strengthen the presence of the company in the southern region and develop market synergies by swiftly delivering material. The ‘highly automated’ unit is spread over 1,33,584 sq m and at present, covers a floor area of 37,025 sq m. This would mark the first electrical equipment manufacturing base of the company in southern India and seventh in India, followed by facilities in the northern and western regions.
A total investment of Rs 600 crore was planned to be made in two phases, and of these, the first phase of Rs 300 crore has been made. Panasonic has also said that the manufacturing facility would contribute to the goal of increasing capacity expansion in India and carbon neutrality by 2030. This facility is fully operational and will primarily focus on manufacturing Wiring Devices products covering Roma, Penta Modular, and Roma Urban. Additionally, the company intends to add other products from the Wiring Devices and include Switchgear, Wires, and Indoor Air Quality (IAQ) products over time. Currently, the production capacity in the first year is 80 million units, and it is expected to increase by 15% year by year as sales further expand.
Kawamoto, Business Unit Head – Power Component Business, Panasonic Corporation, Japan, said, “India is on a growth trajectory and this growth will need tremendous support from the ECM industry for people to ‘Live their Best’. We see this as a tremendous opportunity for making human life simpler, safer, and comfortable, by enhancing the consumer experience through our technologically advanced products, with Japanese standards, which will now be manufactured at this facility in India.”
Kazuki Yao, Managing Director, Panasonic Life Solutions India Pvt. Ltd, said, “As a global leader in electrical construction materials, providing the most comprehensive electrical portfolio across the entire value chain, India being one of the fastest-growing economies in the world is an important market for PLSIND. Through the inauguration of our facility in Sri city, it will help us significantly scale up our productions in India, while contributing to the overall development of the region. We plan to invest in building consumer connections, enhancing the industrial connect, and improving its visibility on the production front. We see Andhra Pradesh as a strategic market that has witnessed an exemplar shift in its industrial culture and believe it’s an accurate time to delve into this region.”
Rajesh Nandwani, Director and Business Unit Head of Wiring Devices, Panasonic Life Solutions India Pvt. Ltd, said, “Today, we are delighted to announce the inauguration of our manufacturing facility in Sri City, Andhra Pradesh. The facility has been set up to manufacture and produce products from the Wiring Devices category. The new factory production system includes a state-of-the-art assembly line that will manifest Industry 4.0 technologies to support industrial transformation and business excellence, for enhanced safety and productivity. At PLSIND, we look forward to building more resilient and sustainable partnerships by offering the best technologies and building world-class manufacturing facilities in India while supporting the Government’s ‘Atmanirbhar Bharat’ mission.”