Panasonic has announced its plans to ramp up its smart factory solutions business in India. The company has integrated its welding business and SMT (Surface Mount Technology) equipment business to consolidate its software and hardware capabilities and become an end-to-end integrated Smart Manufacturing Solutions company. The smart factory solutions proposition will enable Panasonic to deliver broader, high value-added, smart solutions and services along with world-class hardware to the manufacturing industry. The company targets to achieve 1000 Cr in revenue from its smart factory business in the next three years, with solutions and digital manufacturing expected to contribute 15% to the total smart factory business revenue.
Panasonic plans to open a technical centre for its smart factory solutions which will act as a strategic base that validates smart factories with customers and be used as a training center where customers can learn the skills required to operate a digital factory. The company is focused on building India as its innovation hub for the globe, and create a strong ecosystem of component and automated manufacturing in the country.
Panasonic Ramps up its Smart Factory Solutions business in India, Targets 1000 Cr Revenue in 3 years
