Panasonic ramps up smart factory solutions business; targets 1,000 cr revenue

New Delhi, Apr 18 (UNI) Panasonic on Thursday announced its plans to ramp up its smart factory solutions business in India which will enable the company to deliver broader, high value-added, smart solutions and services along with world-class hardware to the manufacturing industry.
The company targets to achieve 1,000 crore in revenue from its smart factory business in the next three years, with solutions and digital manufacturing expected to contribute 15 per cent to the total smart factory business revenue.
The company has integrated its welding business and Surface Mount Technology (SMT) equipment business to consolidate its software and hardware capabilities and become an end-to-end integrated Smart Manufacturing Solutions company.
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.
It 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.