Panasonic Life Solutions India (PEWIN), one of the largest manufacturers of electrical construction materials (ECM) in the country, has opened a new manufacturing unit in Daman, Gujarat. The new dedicated facility will enhance the current manufacturing capabilities as well as PEWIN's lighting manufacturing capacity in India. The company has invested a total of Rs 15 million, which will facilitate in-house manufacturing of lighting products, keeping in line with the company's growth plans. With this investment and a strategic growth plan, PEWIN aims to lead the lighting segment by 2030.
Kuniyasu Shimaoka, Managing Director, Global Lighting Business, Panasonic Corporation, said, "We see enormous potential in India, especially with regards to the manufacturing industry. The investment of Rs 15 million is set with the objective of expanding our business in India. Keeping in mind the 10th anniversary of Make in India, Panasonic (PEWIN) aims to start manufacturing in Daman to speed up inland manufacturing while continuing business with Indian suppliers."
The facility is placed in the North and West regions to cater to the ever-growing demand for lighting products. By establishing a global standard for technology and quality management systems, India can leverage its pre-existing manufacturing expertise in electrical materials to allow the production of lighting fixtures with superior quality and speed.
Masato Miyamaru, Director, Lighting Business, PEWIN, said, "Panasonic aims to become the leading player in the lighting segment in the Indian market by FY2030. In terms of attracting more clients and projects across India, we aim to significantly ramp up operations. The geographic location of the facility in Daman adds strength to our existing operations, where we already have a robust network of essential suppliers."
The newly established facility will initially manufacture lighting fixtures such as downlights before eventually expanding to other product lines. Currently, the manufacturing capacity in the first year is 1.5 lakh units, and it is planned to expand by 115 per cent for the whole lighting industry in FY2024.
Panasonic Life Solutions India (PEWIN) has a plan to grow their lighting business by 2030, with the goal of being India's leading lighting provider. The mission is to help people live better lives and develop India's future growth potential. They will present their consumers with unique solutions and products (made with high-quality, high-efficiency, and eco-friendly Indian and Japanese technologies), primarily in the commercial and professional markets. The company aims to carry out strategic business efforts between FY2023 and FY2024 to accomplish its goals.