Anchor Electricals, a wholly owned subsidiary of Panasonic Corporation, has announced the commencing of operations at its new manufacturing unit at Haridwar, India. This new manufacturing unit has been set up with an investment of INR 150 crores. It will have production capacity of 25 million units monthly and is expected to double the installed capacity by FY 2020.  The recently constructed manufacturing unit will manufacture a complete range of Wiring Devices and Switchgear amongst other devices to meet the increasing demands.

The manufacturing unit is spread over 25,000 square metres and is Anchor's second biggest factory in India. The environment friendly facility has adopted many green features like the installation of LED lighting and use of treated sewage water.

Manish Sharma, President & CEO Panasonic India and South Asia said, "Anchor is a strategic business unit for Panasonic India that extends our commitment towards offering safe, reliable and quality electrical products. The opening of the new Haridwar plant is in line with this commitment to offer the best of the Energy Solutions catering to the needs of Homes and Businesses alike. An investment of Rs 150 crores gives the necessary impetus for local manufacturing at the same time drives government's ‘Make in India' vision. Additionally, the new plant will add an incremental growth in Anchor's growing business that will help register a double digit growth and propel it to become the No 1. Electrical Solutions Company in India by 2018."

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