Panasonic to invest another Rs 300 cr in Andhra facility by 2026, aims higher exports from India

Panasonic Electric Works India (PEWIN) plans to invest an additional Rs 300 crore to expand its unit in Sri City, Andhra Pradesh. The company aims to use the facility for exports, targeting the Middle East and African markets. PEWIN's overall production capacity is set to increase from 62 crore pieces per year to 70 crore by 2025 and 100 crore by 2030.

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