Panasonic India Ltd, part of the $105-billion Panasonic Corporation of Japan, is planning to bring in LED lighting systems and medical equipment in the next few years.

“Though we have not decided anything firm on this, we are exploring various possibilities of launching those products in the Indian market soon,” said Mr Daizo Ito, President, Panasonic India Pvt Ltd.

The company is planning to leverage the facilities of Anchor Electricals Pvt Ltd, which it acquired in 2007 for over $420 million, to manufacture LED lightings.

In the medical equipment segment, Panasonic is globally competing with the likes of Philips, GE and Siemens. “We see a great potential in the Indian market for our medical equipment,” he said.

Panasonic in India

The company currently operates in India through half-a-dozen companies such as Panasonic Home Appliances India (that makes kitchen appliances and personal grooming products), Panasonic AVC Networks India (that makes TVs), Panasonic Energy India (that manufactures dry cell batteries), Panasonic Carbon India (for carbon rods), Anchor Electricals (that manufactures electrical products from switches to fans) and Sanyo and Panasonic Electric Works (that makes commercial air-conditioners and compressors) and various marketing divisions.

For the financial year 2010-11, it posted a turnover of Rs 3,200 crore and “our target is to touch at least Rs 5,500 crore during the current financial year,” he said.

The company is also investing $300 million in India for the R&D Centre in Gurgaon and a facility in Haryana to manufacture welding equipment, washing machines and air-conditioners.

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