Panasonic Targets Rs 1000 Crore Revenue from Smart Factory Solutions in India

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The smart factory solutions of Panasonic are ideal for manufacturers who are looking to take a forward step in smart manufacturing

Panasonic, a leading consumer electronics and home appliances company, announced that it is planning to ramp up its smart factory solutions business in India. The company is targeting to achieve Rs 1000 crore in revenues from this business in the coming three years. It is expecting that solutions and digital manufacturing will contribute 15 per cent to the overall smart factory business revenue.

The company plans to open up a technical centre in India for its smart factory solutions that will serve as a strategic base that confirms smart factories with customers. The centre can also be used for training purpose where customers can learn the skills needed for operating a digital factory.

“Panasonic is aimed at building India as its innovation hub for the world and develop a strong ecosystem of component and automated manufacturing in the country,” the company said in a statement.

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The company has integrated its Surface Mount Technology (SMT) equipment business and welding business to consolidate its hardware and software capabilities and become an end-to-end integrated smart manufacturing solutions provider.

Adopting new age technologies

Commenting on the development, Hiroyuki Aota, President and CEO, Global Panasonic Smart Factory Solutions said, “Our legacy and heritage of producing cutting edge technology for more than 100 years gives us a unique advantage. Companies not only in India, but globally are increasingly focused on automating processes in their manufacturing plants and bringing in solutions, which are more digitally enabled.”

“India is adopting new age technologies such as 5G, Internet of Things (IoT), artificial intelligence (AI) and others at a rapid pace and we will only see more investment in these technologies as we move forward. To be able to cater to these growing demands, having the right and smart capabilities in manufacturing will be key, and this is what we are addressing today,” Aota said.

Ideal for manufacturers

The smart factory solutions of Panasonic are ideal for manufacturers who are looking to take a forward step in smart manufacturing by way of solutions like integrated line management system (ILNB), digital reporting system, automated process tracker, etc.

Recently, the company has launched ILNB solution that can communicate with the entire machinery line and can automate up to 70-80 per cent of manual processes. This helps in enhancing productivity, supporting actual production process and ensuring quality control.

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