Panasonic to make India a manufacturing hub.

Panasonic India, part of Japanese electronic conglomerate Panasonic Corporation, is betting big on B2B (business-to-business) and B2G (business-to-government) segments and wants India to be the global manufacturing hub to achieve its revenue target for the country of $4.8 billion by 2018.

In an interaction with Deccan Herald, Panasonic India Solutions Division Divisional Managing Director Toru Hasegawa said the company is zealously looking at achieving Panasonic President Kazuhiro Tsuga’s plan to achieve the ambitious revenue target of ￥10 trillion ($81.7 billion) in the financial year ending March 2019.

'Panasonic aims to provide ‘better living’, meeting the needs of each individual customer. We want to touch all the spaces where our customers go about their lives and provide not only single pieces of hardware, but also total solutions, including software and services. Panasonic India is looking at closing $3.66 billion by 2015,' said Tsuga.

DECCAN HERALD