Panasonic aims 30% sales growth in India by FY08

New Delhi, Dec 20 (UNI) Panasonic Asia Pacific Pte Ltd, the 100 per cent subsidiary of Japan-based Panasonic, today said it expects 30 per cent sales growth in India in the next fiscal to Rs 143 crore, as against Rs 110 crore during the current fiscal.

''Last year, the company registered 23 per cent sales growth, and we expect it to grow further 30 per cent in the next financial year to Rs 143 crore,'' Panasonic Asia Country Head Anil Rijhwani told reporters here.

Mr Rijhwani said the company would also increase its number of primary as well as secondary partners by the end of fourth quarter of this fiscal.

''We are planning to increase primary partners from the present seven to ten, and the number of secondary partners up to 350 from 240 currently by March-end next year,'' Mr Rijhwani said.

The company today launched its new biometric security products -- 'Iris Recognition Camera' and 'Interactive Panaboard'-- at a three-day exhibition 'Workspectrum 2006' here.

The Iris Recognition has been priced at Rs 2.5 lakh and the Interactive Panaboard at Rs two lakh. The products are available through the authorised dealer and distribution network, Mr Rijhwani said.

''These products are highly sophisticated and are meant only for high security zones,'' Mr Rijhwani said, adding that the company is constantly in touch with various ministries and hopes to nab a project before March 2007.

Besides the newly launched products, key telephone systems including IP-PABX systems, cordless phones, fax machines, audio-conferencing system, network copiers, plasma screens, world's smallest projectors, world's fastest wireless transmission projectors and the legendary Toughbooks -- field and business mobile computers are on display at Workspectrum 2006.

Earlier this month, the company said it would develop specialised software for its communications hardware, including IP telephones, in the country. The software will be initially sold in the country and later will be bundled with solutions marketed the world over.

Presently, nearly all the software that goes into its hardware is developed in Japan.

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