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 aims to strengthen the company’s presence in the Southern Region and develop market synergies by providing swift material deliveries and customer delight. The ‘highly automated’ unit is spread over 133,584 sqm and currently covers a floor area of 37,025 sqm.
This will be the company’s first electrical equipment manufacturing base in Southern India and seventh in India followed by facilities in the North and West regions.
Two phases
The company will be making a total investment of Rs.600 crore in two phases, the first phase of Rs.300 crore has been made. Through this facility, the aim is to support the infrastructure development, create employment opportunities, and industrial development in Andhra Pradesh. It will contribute to the company’s larger goal of increasing capacity expansion in India and carbon neutrality by 2030 to deliver on the promise of a carbon-neutral future. Plans to set up this Sri City facility were first publicly announced in January 2020.
The Industry 4.0 standard manufacturing unit aims to produce more than 200 million pieces of switches per year in the next five years.
Primary focus
This facility is fully operational and will primarily focus on manufacturing wiring devices products covering Roma, Penta Modular, and Roma Urban. Additionally, the company further 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 per cent year by year as sales further expand.
Employment potential
Besides, the new facility will benefit the local communities as it is expected to create direct and indirect employment opportunities by developing a local supplier network only for Wiring Devices products by FY25. Further, aligned with the vision of Aatma Nirbhar Bharat and Pradhan Mantri Awas Yojana, the company looks to support an all-inclusive growth and contribution to the development of the country.
Tremendous opportunity
Addressing the occasion, Mr. Kawamoto, Business Unit Head – Power Component Business, Panasonic Corporation, Japan added that, “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.”
