Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 20 2018

Panasonic aims to grow its appliance exports revenue from India

The company’s plan is driven by strong demand from regions like SAARC, the US and Malaysia.

Panasonic, the Japanese consumer durables major, is aiming to grow its appliance exports revenue from India to Rs 100 crore in three years. The company’s plan is driven by strong demand from regions like SAARC, the US and Malaysia. 

In the last fiscal, Panasonic had clocked export revenue of about Rs 64 crore. It already exports appliances like electric cookers, mixer grinders and wet grinders to global markets. 

Hidenori Aso, Managing Director of Panasonic Appliances India, said, "India has been a key export hub for us and regions like SAARC, Hong Kong, Malaysia, US and Thailand are among the largest markets for our appliances exports business. We expect the export revenue to grow about 60 per cent in the next three years. It would be at about Rs 100 crore." 

Presently, the small appliances business accounts for about 6% of Panasonic India's consumer business. 

The company also looks to raise the plant capacity in the next five years and invest about Rs 30 crore for catering to the growing demand.

Comment
Related opportunities
  • Casual dine Restaurants
    About Us: MOETS has been the pioneer in establishing the Restaurant..
    Locations looking for expansion Haryana
    Establishment year 1998
    Franchising Launch Date 2016
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurgaon Haryana
  • Preschools
    About Us: NO REVENUE SHARING MODEL, LOW INVETSMENT AND RISK, HIGH..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Others Entertainment & Leisure
    About Us: The 3D Studios aims to bring one such unique..
    Locations looking for expansion Andhra pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Juices / Smoothies / Dairy parlors
    About Us: ICE LAB CAFE is a Dubai based Franchise that..
    Locations looking for expansion Jharkhand
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets Less than 10
    Franchise Type Unit
    Headquater Jamshedpur Jharkhand
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities