Panasonic Electric Works India (PEWIN) is set to increase the installed capacity of switches and sockets in Sri City by fourfold in two phases till 2030. The company plans to invest an estimated 400 INR-Crore in this project.
Currently, the facility produces 10 million switches and sockets monthly. PEWIN aims to increase this output to 20 million units in the second phase and establish a new plant to add another 20 million units in the third phase. In the initial stage, the company invested around 300 INR-Crore to manufacture Roma, Penta Modular, and Ziva switches and sockets.
The second phase will see an additional investment of 100 INR-Crore. By April, the production capacity will rise to 12 million units. It will then grow to 16 million units in September and reach 20 million units shortly after. This phase is expected to conclude by 2025.
Also Read: Economic Survey FY 2023-24: Unveiling Industrial Sector Achievements & Future Projections
Furthermore, by 2027, PEWIN will begin work on a new building in Sri City under the third phase, requiring another 300 INR-Crore investment. Additionally, the company is considering introducing new products, including switchgears, wires, and fans, to diversify its portfolio. Through these bold initiatives, PEWIN aims to cement its position as a market leader while meeting India’s growing demand for high-quality electrical solutions.
Biltrax Construction Data is tracking 33,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
