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
image
Related opportunities
  • Bars, Pubs & Lounge
    About Us: If you have heard the words “on top of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Fine Dine Restaurants
    About Us: Virasat, as the name inspires a legacy works towards..
    Locations looking for expansion Rajasthan
    Establishment year 2006
    Franchising Launch Date 2006
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Gift Shops & Card Galleries
    About Us:   WK Life, a premier multinational corporate in Hong Kong,..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Others Dealers And Distributors
    About Us: SP WORLD SOLUTION was incepted in the year 2015..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 50 K - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
Insta-Subscribe to
Entrepreneur
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