Panasonic, the Japanese consumer electronics
giant, is planning to double the air-conditioning business in India over the next three years
to meet the growing domestic demand. In line with the vision of ‘Make In India’,
Panasonic India aims to manufacture 90-100% of products to be sold in India.
“We are already exporting air
conditioners and many other products from here. Now we are collaborating with
component manufacturers, specifically for parts such as motors, compressors,
and aluminium. You will see this happen in phases in three years’ time,” said Manish
Sharma, President & CEO, Panasonic India & SA. The company
foresees a growth of 35% in sales in the first half of 2021.
Currently, the company has manufacturing
facilities in Chennai, Tamil Nadu and Jhajjar, Haryana. The company’s push for increasing
domestic manufacturing is expected to provide better manufacturing opportunities
for MSMEs as well. It creates an ecosystem for a lot of small players wherein they
will have a vital role to play by supplying auxiliary parts.
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