Work On Panasonic Sri City Plant To Commence In May
Panasonic India plans to start work on its greenfield plant at Sri City, Andhra Pradesh in May this year. This is company's eighth plant in country, at an investment of Rs. 650 crore. The plant will be completed in 12 months from the date of commencement and it will generate employment potential about 1800. The company already merged Panasonic Life Solutions to its wing and also planning to merge Panasonic Appliances business, based in Chennai, which has a revenue of about Rs. 1,000 crore. Panasonic plans to expand the brand stores across India with opening of 130 store in future, out of this 100 will be set up in 2020-21.