Excelsior Correspondent
JAMMU, Oct 22: Anchor Electricals, a wholly owned subsidiary of Panasonic Corporation, today announced the commencing of operations at its new manufacturing unit at Haridwar, India.
This new manufacturing unit has been set up with an investment of INR 150 crore. It will have production capacity of 25 million units monthly and is expected to double the installed capacity by FY 2020. The recently constructed manufacturing unit will manufacture a complete range of Wiring Devices and Switchgear amongst other devices to meet the increasing demands.
Manish Sharma, President & CEO Panasonic India and South Asia said, “Anchor is a strategic business unit for Panasonic India that extends our commitment towards offering safe, reliable and quality electrical products”.
Mitsuru Shirasawa, Managing Director, Anchor Electricals said, “We are ecstatic over the trust we have been bestowed with from the Indian consumers. The new manufacturing unit in Haridwar is an important part of our business strategy as we continue to expand. The new factory will continue to offer our consumers higher value for money, easy availability, supportive post-sales service, contemporary and technically superior electrical products aimed at customer comfort and energy savings”.
Dinesh Aggarwal, Joint Managing Director, Anchor stated, “In today’s connected world, demand for electrical accessories is on a constant rise and with this, comes an imminent need for quality electrical components. Anchor’s heritage bespeaks of excellence and accessibility at a value based pricing”.
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