Panasonic aims Rs 1,000 cr revenue in 3 years

Chennai: Japanese consumer electronics major Panasonic, which has announced its plans to ramp up smart factory solutions business in India, is targeting a revenue of around Rs 1,000 crore from the segment in three years.

Panasonic expects its solutions and digital manufacturing to contribute around 15 per cent to the total revenue from the smart factory business, the company said in a statement.

It has integrated its welding and surface-mount technology (SMT) equipment businesses to consolidate its software and hardware capabilities and to become an end-to-end integrated smart manufacturing solutions company, it added.

“The company targets to achieve Rs 1,000 crore in revenue from its smart factory business in the next three years, with solutions and digital manufacturing expected to contribute 15 per cent to the total smart factory business revenue,” said Panasonic.

The smart factory solutions proposition will enable Panasonic to deliver high value-added and smart solutions and services along with hardware to the manufacturing industry.

NT Bureau