Panasonic to invest Rs 1,500cr in 3 years
MUMBAI: Japanese electronics goods major Panasonic
Corporation will invest Rs 1,500 crore in India over the next three
years and restructure its operations here as it aims to take on bigger
rivals in a market dominated by the Korean chaebols Samsung and LG. The
company plans to increase the share of its enterprise business in India,
introduce new products and strike strategic partnerships with Indian
business groups like Mukesh Ambani's Reliance Industries and the Tatas
in order to triple its India turnover by 2015, Panasonic's president
Kazuhiro Tsuga said on Tuesday.
This comes in the backdrop of
the company unveiling a three-year business plan to pare losses in its
semiconductors , mobile phones and television businesses globally and push new growth areas.
India though has been performing well for the Japanese firm having
doubled its sales. "Having done well in the consumer business, and
keeping in line with the new global business plan, we now have a renewed
focus on the business to business segment. We are aiming to double our
contribution of the B2B segment to Panasonic's overall revenue by 2015
and will be introducing new product ranges in this segment mainly in the
energy solutions , security and surveillance systems," Tsuga said. The
company will soon enter the IT products segment here. In India,
Panasonic drew almost 60% of its $1.3 billion sales from the consumer
products portfolio.
mukesh kumar
pgdm
032
This comes in the backdrop of the company unveiling a three-year business plan to pare losses in its semiconductors , mobile phones and television businesses globally and push new growth areas.
India though has been performing well for the Japanese firm having doubled its sales. "Having done well in the consumer business, and keeping in line with the new global business plan, we now have a renewed focus on the business to business segment. We are aiming to double our contribution of the B2B segment to Panasonic's overall revenue by 2015 and will be introducing new product ranges in this segment mainly in the energy solutions , security and surveillance systems," Tsuga said. The company will soon enter the IT products segment here. In India, Panasonic drew almost 60% of its $1.3 billion sales from the consumer products portfolio.
No comments:
Post a Comment