Hotline: 1800 102 2007
Hotline: 1800 102 2007
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 aims to grow its appliance exports revenue from India

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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Tea And Coffee Chain
    About Us: CHAI NAGRI" is a one-stop destination for freshly brewed..
    Locations looking for expansion Chandigarh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chandigarh Chandigarh
  • Meat & Poultry
    Riyu’sFresh, launched in Hyderabad is a highly organized meat retail..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2021
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Extra Curriculum Activities
    Established in 1973, Anupam - a registered trademark of Anupam..
    Locations looking for expansion Haryana
    Establishment year 1973
    Franchising Launch Date 2021
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Pharmacies
    A leading Retail Medical Shop with all kinds of Allopathic..
    Locations looking for expansion Chhattisgarh
    Establishment year 1970
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Raipur Chhattisgarh
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities