Panasonic aims to triple its revenue, to set up 200 brand stores

New Delhi, Jul 13 (UNI) Japanese electronics giant Panasonic today said it aims to triple its revenue from India operations in the next three years from the current 350 million dollar (about Rs 1,500 crore) with plans of setting up 200 brand stores.

''We are targeting 20-25 per cent growth in this fiscal from our current revenue of 350 million dollar. We expect it to triple in the next three years,'' Panasonic Sales and Services Chairman, Aso Hidenori said.

The company currently has one assembly facility for CRT and LCD monitors in Noida with capacity of three lakh units per annum.

Apart from that it also has small appliances unit in Chennai and two other factories in Vadodara and Chennai for manufacturing dry batteries.

''We are planning to increase the production capacities of CRT and LCD TVs in our Noida facility,''he said.

Panasonic India currently imports washing machines, airconditioners and plasma TVs from its Thailand and Japan units.

UNI AK PDT PM1805