Panasonic Electric Works India (PEWIN), a subsidairy of Panasonic Life Solutions India Limited, has outlined its plans to increase its production capacity and enhance its manufacturing technology in the coming years.
Currently, the company is focusing on three primary markets: India, Vietnam, and Turkey, with a special emphasis on India, where it generates 9 per cent of its total sales, amounting to Rs 62,500 crore.
PEWIN aims to make India a global export center, serving the Middle East and Africa. Currently, exports contribute 2 per cent to the company's overall turnover, but PEWIN has ambitious plans to raise this to 10 per cent by 2030.
PEWIN Managing Director Yoshiyuki Kato shared that in the fiscal year 2022, PEWIN acheived a significant business turnover of Rs 5,100 crore and aims to triple this figure by 2030.
Rajesh Nandwani, Director of Power at PEWIN, emphasised the company's production goals, saying, "We currently make 650 million pieces a year, and we want to increase this to 1,000 million by 2030."
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