Panasonic opens facility in Daman

Ahmedabad: Aiming to lead the lighting segment in India by the fiscal 2030, Panasonic Life Solutions, opened its new facility at Daman, in the Union territory of Daman and Diu.
The company has invested Rs 1.5 crore on the new plant which will enhance the company’s current manufacturing capabilities in India.
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% for the whole lighting industry in FY2024.
With this investment, the company aims to lead the lighting segment by 2030.
Kuniyasu Shimaoka, MD, global lighting business, Panasonic Corporation, said, “We see enormous potential in India especially with regards to the manufacturing industry. The investment for Rs 1.5 crore is set with the objective of expanding our business in India. Keeping in mind the 10th anniversary of Make in India, Panasonic aims to start manufacturing in Daman to speed up inland manufacturing, while continuing business with Indian suppliers.”