Panasonic to hire 3,500 in India, says gunning for $10 bn annual business

Dec 12 2012, 19:12 IST
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Electronics giant Panasonic to hire 3500 people for its Haryana plant. (Reuters) Electronics giant Panasonic to hire 3500 people for its Haryana plant. (Reuters)
SummaryJapanese electronics goods major said its Indian ops will be its second largest in Asia Pacific.

factory will fuel our first priority goal in India of doubling our revenue in 2012-13," Panasonic India President Daizo Ito said.

In 2012-13, the company is expecting a sales revenue of Rs 10,000 crore from its Indian operations.

On the market, the company said: "Panasonic shall focus on making India a manufacturing hub and will export products

from India to other markets like Middle East and African region". From the new unit, the company plans to export 5 per cent products by 2013 that will be increased to 20 per cent by 2015.

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