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Panasonic India forms single division Smart Factory Solutions

Thursday, 18 Apr 2019
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Technology firm Panasonic India has integrated its welding solutions and surface mount technology (SMT) machine business into a single division that will be known as Smart Factory Solutions.

The company is targeting a revenue of Rs 1,000 crore in India from the Smart Factory Solutions in three years, which can make up seven-7.5 percent of its total India revenue. This integration will enable Panasonic to provide end-to-end solutions to its customers seamlessly.

Panasonic India has been manufacturing welding machines in India since December 2012. The second investment area will be initiating accessories and peripherals’ assembly in the country and the third will be creating a repository of relevant know-hows for India and generating a human resource pool to understand the need of Indian manufacturers.

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