Japanese electronic products giant Panasonic today said that it will hire over 3,500 people by 2018 at its newly inaugurated plant set up here with an investment of $200 million (nearly Rs 900 crore).

The company’s Indian operations also aim to increase its revenue by over two-fold to Rs 25,000 crore by 2015, it said.

While inaugurating the 76-acre plant here, Panasonic India said it will “provide employment to 1,500 people in the first phase and over 2,000 in the second by 2018.”

Currently the firm has a workforce of about 12,650 people in India.

Construction of the plant started in April 2011 and the capacity is to be expanded gradually. An investment of $200 million from 2010 to 2015 has been earmarked for this unit, the company said in a release.

The facility that was inaugurated today by the Chief Minister of Haryana Bhupinder Singh Hooda has an initial capacity to produce 10 lakh ACs, 4 lakh washing machines and 25,000 welding and cutting machines per annum.

About the revenue, the company said it is targeting Rs 25,000-crore turnover by 2015.

“Today’s opening of this factory will fuel our first priority goal in India of doubling our revenue in 2012-13,” Panasonic India President Daizo Ito said.

In 2012-13, the company is expecting sales revenue of Rs 10,000 crore from its Indian operations.

The company said: “Panasonic shall focus on making India a manufacturing hub and will export products from India to other markets like Middle East and African region.’’

From the new unit, the company plans to export 5 per cent products by 2013 that will be increased to 20 per cent by 2015.

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