From being known as a consumer maker, Panasonic appliances Life Solutions is moving into becoming a B2B player, with most of its revenues coming from segments including electric switches, wires, industrial devices, energy solutions, batteries and B2B.
In an interaction with Mint, Manish Sharma, chairman of India and South Asia, said the shift was strategic as India was moving towards being competitive in the global value chains which would need massive investments in manufacturing by not just individual companies but also by the ecosystem of suppliers.
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